Clari Layoffs

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In early February 2023, the revenue-software unicorn Clari, valued at over $2.6 billion, conducted its second round of layoffs within a year, cutting more than 20 roles. This followed a previous reduction in August 2022. The layoffs were part of a broader wave of job cuts across the tech industry, which saw over 84,000 positions eliminated in January 2023 alone. Clari, backed by major investors like Sequoia and Blackstone, made these cuts abruptly, catching many employees by surprise. The move reflects ongoing adjustments as tech companies, including fellow unicorn Workato which also laid off staff, brace for economic uncertainty and shift focus toward profitability after periods of rapid growth.

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