Qumulo Confirms Layoffs Impacting 19% of Workforce

Shutterstock Qumulo, the data storage provider, is the latest company doing business in the channel to confirm layoffs. The company is cutting 19% of its 400-plus workforce.
IronNet, OneTrust, Cybereason and Lacework also recently confirmed layoffs.
Qumulo’s Bill Richter
According to GeekWire, in a memo sent to employees, Qumulo CEO Bill Richter cited economic conditions and getting the company to profitability as reasons for the cuts. He also told GeekWire that ‘the two most important things are growth and profitability — not one or the other.