Veeam Layoffs

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Despite achieving record market share and profitability in 2023, data protection company Veeam laid off approximately 300 employees in January 2024 as part of an organizational restructure. This follows a previous layoff of 200 staff in March 2023. With a total workforce of over 5,000 employees, this latest reduction impacts a significant portion of its staff. The company, a major player in backup and ransomware protection with over 450,000 customers, stated the move was to prioritize investments and transition roles, while also ramping up hiring in other areas. The context suggests cost-trimming efforts may be related to preparing for a potential future IPO.

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