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Verifying the news of layoffs, FarEye cofounder and CEO Kushal Nahata said in a statement, “The reduction in staff was necessary to align business strategy with market demand and continue to serve our customers’ business needs, as has always been our mission. Our focus on product innovation and customer solutions remains strong, and we will continue to expand our reach in new industries and markets around the globe.”

United arab emiratesUnited kingdomKushal nahataGautam kumarGaurav srivastavaMinistry of corporate affairsDragoneer investment groupTata steelDragoneer investmentElevation capitalEight roads venturesCorporate affairs