Cohesity

Cohesity, a data management and protection startup in the enterprise storage industry, has conducted a workforce optimization, resulting in layoffs that include Chief Marketing Officer Lynn Lucas. While the exact number of employees affected was not disclosed, the privately held company had approximately 2,289 staff as of April 2023. The decision, announced in June 2023, aims to increase investment flexibility in strategic customer areas and achieve cash flow positivity by fiscal year 2024. Cohesity, which has raised $660 million in funding and was valued at $2.5 billion in 2020, is providing support and potential redeployment for impacted employees while continuing to recruit in key areas.

Cohesity on 2020-04-30.