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.
STAMFORD, Conn. (AP) _ Webster Financial Corp. (WBS) on Thursday reported a loss of $16.7 million in its first quarter.The Stamford, Connecticut-based bank said it had a loss of 14 cents per share. Earnings, adjusted for non-recurring costs, came to $1.24 per share. The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share. The holding company for Webster Bank posted revenue of $513.9 million in the period.
In this file photo: Gracie Barrera, 34, browses the food selection at Everytable in East Long Beach Tuesday, Nov. 16, 2021. Photo by Brandon Richardson.
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ATLANTA (AP) _ NCR Corp. (NCR) on Tuesday reported a first-quarter loss of $34 million, after reporting a profit in the same period a year earlier.On a per-share basis, the Atlanta-based company said it had a loss of 28 cents. Earnings, adjusted for costs related to mergers and acquisitions and restructuring costs, came to 33 cents per share.
SALT LAKE CITY (AP) _ USANA Health Sciences Inc. (USNA) on Tuesday reported earnings of $22.5 million in its first quarter.The Salt Lake City-based company said it had profit of $1.15 per share. The nutritional supplement maker posted revenue of $272.9 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on USNA at https://www.zacks.com/ap/USNA
LAKE ZURICH, Ill. (AP) _ Acco Brands Corp. (ACCO) on Tuesday reported a loss of $2.7 million in its first quarter.On a per-share basis, the Lake Zurich, Illinois-based company said it had a loss of 3 cents. Earnings, adjusted for amortization costs and non-recurring costs, were 11 cents per share. The maker of office supplies posted revenue of $441.6 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $420.5 million. Acco expects full-year earnings in the range of $1.