On August 9, 2022, cloud computing and hyperconverged infrastructure company Nutanix announced a workforce reduction of approximately 270 employees, representing about 4% of its total staff. This decision followed a review of its business structure and other cost-cutting measures, positioning the layoffs as part of the company's strategic efforts to streamline operations and achieve profitable growth. The majority of the reductions were expected to be completed by the end of the fiscal quarter on October 31, 2022, with the company anticipating related pre-tax charges between $20 million and $25 million for severance and termination benefits.
