8×8 layoffs will impact 7% of the company’s global workforce in coming months. MarketWatch is reporting that it’s part of restructuring to refocus the cloud communication provider’s target market and to cut costs. Approximately 2,200 employees work at the organization, and the cuts will affect about 155 employees.
Moreover, the cuts are impacting channel managers and directors, as well as direct SMB salespeople, a source close to the company reports. Vice presidents are also affected by the reduction, the source said. Another industry insider told Channel Futures that 8×8 laid off nearly its entire channel staff. We couldn’t immediately verify this information with 8×8 as officials did not respond to our questions. However, the company directed Channel Futures to its most recent 8-K filing.
“Our success depends heavily on the ability to make difficult choices about where to deploy resources in order to create the greatest value,” Wilson wrote. “I wish it were never so, but sometimes that includes letting go of people, despite their excellent work, as priorities shift. Regrettably, that is the situation we currently face at 8×8 in order to align with emerging marketplace opportunities.”