Sprinklr cuts 4% of global workforce amid the slowdown
Sprinklr, a customer experience firm, has laid off over 100 employees, roughly 4% of its global workforce, as it realigns its headcount in response to the ongoing economic slowdown. The layoff drive began last week, and the company is cutting its force in India, the United States, and other regions. The company said the decision was a “strategic business decision” that affected employees across targeted areas, segments, and support functions. Sprinklr did not disclose the exact number of employees being laid off. However, according to an SEC filing, the company had 3,245 employees as of January 31, 2022. Sprinklr’s Q3 earnings showed a 32% YoY increase in revenue to $127.1 million, but the company’s operating loss in the quarter amounted to $26.3 million from $15.3 million. The layoff comes amid the economic uncertainty in the market, which is likely to push companies to cut back on non-essential expenses, including marketing and social media management.
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