Nutanix Lays Off 2.5 Percent Of Global Workforce
‘Wherever possible, we tried to not impact quota-carrying reps but look at the non-quota-carrying reps in terms of this [reduction] process,’ says Nutanix CEO Rajiv Ramaswami.
By
Mark Haranas May 26, 2021, 07:02 PM EDT
Nutanix has reduced its global headcount of roughly 6,200 employees by 2.5 percent mostly in sales and marketing positions, CEO Rajiv Ramaswami said during the company’s third quarter earnings conference call on Wednesday.
“Efficiency is an important part of our path to profitability. We have increased our go-to-market productivity including more efficient digital marketing spend, increased leverage of our channel partners, and optimized headcount in geographies based on market opportunity. In connection with these efforts, we recently decreased our global headcount by 2.5 percent from within the sales and marketing functions as we continue to refine our go-to-market model,” said Ramaswami, who took over the reins at Nutanix in December. “We expect this action to yield approximately $50 million in annual savings.”