Sisense Layoffs
April 2020
Sisense announced a layoff affecting 80 employees (9% of its workforce) in April 2020. The company operates in the Data sector.
80
9%
Apr 23, 2020
About
Sisense, an Israel-based business analytics software unicorn, laid off 80 employees, representing 9% of its global workforce of 900, with 20 of those cuts occurring at its Israeli headquarters. The layoffs, announced in late April 2020, primarily affected sales and marketing teams and were implemented as a strategic adjustment to anticipated economic slowdowns and lower growth due to the COVID-19 pandemic. Despite recent rapid expansion, including hiring 100 new employees, the company cited the need to balance expenditures with income forecasts. Operating in the business intelligence and data analytics industry, Sisense had achieved a valuation of $1.1 billion earlier in the year and reported estimated 2019 earnings of approximately $100 million.
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