DataRobot Layoffs
August 2022
DataRobot announced a layoff affecting 0 employees in August 2022. The company operates in the Data sector.
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Aug 8, 2022
About
DataRobot, a Boston-based AI startup, is conducting another round of layoffs under its new interim CEO, Debanjan Saha. While the exact number of affected employees was not disclosed, this follows a previous cut in May that eliminated 7% of its then 1,000-plus workforce. The company, which once reached a $6.3 billion valuation, is scaling back after over-expanding its operations last year in anticipation of an IPO. The decision is attributed to changed market realities, a weaker economy, and missed revenue targets. This restructuring comes amid leadership changes, including the recent resignation of the former CEO.
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