New Relic, a publicly traded cloud monitoring software company, announced plans in April 2021 to lay off approximately 160 employees, representing 7% of its workforce. This restructuring was driven by a strategic shift to a new consumption-based pricing model, moving away from traditional subscriptions. The company stated this model aims to lower customer costs and encourage broader product adoption, leading to a more efficient go-to-market operation that requires less investment. As a result of the layoffs, New Relic expected to incur charges between $13 million and $16 million, with plans to reallocate some spending toward increased research and development to support its new business focus.

6/29/2020US

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New Relic laid off 20 employees on 2020-06-29.