Alteryx, a big-data analytics company with around 2,900 employees, announced in late April 2023 that it would lay off approximately 11% of its workforce, affecting about 320 staff primarily in sales, marketing, and administrative roles. The decision came alongside mixed first-quarter earnings, where revenue grew but missed expectations, and a weak second-quarter outlook. The layoffs are part of a cost-reduction plan aimed at improving operating margins and accelerating profitability, despite an expected charge of $11-13 million. The company operates in the enterprise software and ETL tools industry, serving large customers with data analytics platforms.
