Veeam Software Lays Off 300 Employees

Veeam Software, a global pioneer in data management, reportedly let off 300 people. The employment cut comes after Veeam laid off 200 employees in a separate wave of layoffs last year.

According to Block and Files, a senior campaign account manager posted on LinkedIn that she and "roughly 300 of my colleagues" were "eliminated" as part of an "organisational restructure". The corporation recognised the layoffs but did not clarify the number of affected employees. 

Matthew Bishop, Veeam COO, said in a statement “We don’t publicly disclose confidential business plans but we can share we’re ramping up hiring in some areas, transitioning some roles to new teams, and retiring other roles". 

Veeam, which has over 450,000 users, was bought by software investor Insight Partners for $5 billion in 2020. The organisation also protects its consumers from ransomware and other cyber dangers.