Pegasystems announces layoffs for around 4% of its total global workforce. Experts predicted that the massive wave of layoffs that hit workers in the tech industry last year would continue in 2023. Just three days into the new year, that prediction has been borne out.
Pegasystems Inc. (Nasdaq: PEGA) said Tuesday that it’s reducing its workforce by approximately 4% across various geographies. That’s around 245 jobs; Last year, the Cambridge software maker last year employed 6,133 workers in the Americas, Europe, India, and elsewhere in the Asia-Pacific region.
Lisa Pintchman, vice president of corporate communications at Pegasystems, wrote in an email to the Business Journal that the company is “engaged in a detailed review to further improve our go-to-market operating model, drive role clarity and accountability, enable greater efficiency, and sharpen our client focus.”