Pax8, a Denver-based born-in-the-cloud distributor, has laid off just under five percent of its global workforce, primarily impacting employees in North America. The company, which has experienced strong year-over-year revenue growth in recent years, described the decision as difficult but necessary to optimize operations, increase alignment, and position the business for long-term success. CEO John Street cited an industry-wide shift from unfettered growth to a more cost-efficient model, acknowledging that the company had underestimated the importance of this transition post-pandemic. While the exact number of affected employees wasn't disclosed, the layoffs are part of an effort to create a "fit company," with no further company-wide reductions anticipated in the near term.
