Sisense Layoffs
January 2024
Sisense announced a layoff affecting 60 employees (13% of its workforce) in January 2024. The company operates in the Data sector.
60
13%
Jan 11, 2024
About
Business intelligence unicorn Sisense has laid off approximately 60 employees, representing about 13% of its remaining workforce, in its second round of job cuts within six months. This follows a previous layoff of 100 employees in July 2023. Since 2022, the company's total headcount has been halved from around 800 to about 400 employees. The layoffs, announced in January 2024, are part of a broader restructuring that has included executive departures, a hiring freeze, and several shifts in business strategy, including a renewed focus on integrating analytics tools into other enterprise software. Despite reporting $150 million in annual recurring revenue, the established AI and data analytics firm continues to streamline operations amid market challenges.
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