Informatica - 450 job cuts announced - post regarding Informatica Corp. layoffs

Informatica - 450 job cuts announced

It's in the news now. Good luck everyone!

On January 10, 2023, Informatica Inc. (the "Company") announced a plan to reduce its workforce by approximately 450 employees, representing approximately 7% of the Company's current global workforce (the "Plan"). The Plan is intended to better align the Company's global workforce and cost base with its cloud-focused strategic priorities and current business needs.

https://www.marketscreener.com/quote/stock/INFORMATICA-INC-128691278/news/INFORMATICA-INC-Costs-Associated-with-Exit-or-Disposal-Activities-Change-in-Directors-or-Princip-42702283/

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this was the worst planned timing ive ever seen in any company 10 min call , blocked all access and a random hr meeting to attend , zero idea or notice

I can confirm this. The timing is bad. I just recently started in a Support Engineer role based in Austin Texas campus and I had to move for this job. I had to sign a 12 month lease on a fairly expensive place. Now, if I get cut and I am unable to find a well paying job soon (I specialize in Informatica, so the entire segment is laying off) I will be in trouble. Well, 2023 did start with in a bad way.

All locations are affected, so it's a global cut. 2023 is going to be a bad year.

My wife works there and it was announced today in an All Hands call. There are also news sources covering it if you go to Google News.

https://twitter.com/TheLayoff/status/1612878928913526784

Does anyone have any more info about this?

Thread regarding Informatica Corp. layoffs

Informatica - 450 job cuts announced

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