Pure Storage Layoffs
February 2024
Pure Storage announced a layoff affecting 275 employees in February 2024. The company operates in the Data sector.
275
Feb 8, 2024
About
Pure Storage, a Nasdaq-listed all-flash array supplier in the data storage industry, laid off up to 275 employees globally in early February 2024, representing about 4% of its workforce. This workforce rebalancing, affecting areas like data protection, AI, and alliances, aims to align employees with strategic business priorities amid competitive pressures. The move follows layoffs in the previous year and comes despite the company reporting strong Q3 2024 results with 13% revenue growth. However, a more downbeat Q4 outlook, influenced by a shift to subscription models and delayed shipments, alongside competitive challenges from rivals like Hammerspace in key markets such as AI and large language model training, contributed to the restructuring.
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