In March 2020, data protection and disaster recovery startup Zerto laid off a significant number of employees, described by a source as a "ton," as part of a restructuring to ensure financial viability during economic uncertainty. The company, founded in 2009 and with $129 million in funding, stated it needed to streamline its core business and reduce operating expenses to weather the storm and achieve profitability. While exact figures on the layoff count and total workforce were not disclosed, the move reflected the broader challenges faced by tech startups in maintaining cash flow amid growth and market pressures.
