DataUS

Prisma Layoffs

January 2023

Prisma announced a layoff affecting 0 employees (28% of its workforce) in January 2023. The company operates in the Data sector.

People Affected

Percentage

28%

Announced Date

Jan 19, 2023

About

Prisma, a database technology company, has laid off 21 employees, representing 28% of its team, as announced by CEO Søren Schmidt. The decision, made to adjust the go-to-market strategy and align with future objectives, stems from overly aggressive hiring in commercial functions, resulting in departmental redundancies, and the need to navigate current macroeconomic challenges. The layoffs aim to refocus the company for greater operational efficiency and stability. Affected employees have been notified and will receive severance, extended healthcare benefits, and job search support.