Portuguese tech unicorn OutSystems has announced a workforce reduction of 8% of its global team, affecting approximately 150 employees based on a reported headcount of 1,875 from August 2023. The company's CEO, Paulo Rosado, stated the layoffs aim to make the organization more agile at scale, maintain its leadership position in the low-code development platform market, and leverage opportunities in generative AI. The restructuring involves simplifying the company's hierarchy. While specific locations were not confirmed, the layoffs appear to be global, impacting employees in regions including the US. The company, founded in 2001 and operating in the enterprise software industry, achieved unicorn status in 2018.
