Nutanix

Global
https://www.nutanix.com/
Software

Layoff Date:

May 29, 2021

Laid Off Employees:

150

Laid Off Percent:

Source: SDX Central
Nutanix posted earnings and revenue beats during the third quarter of fiscal 2021, and on a conference call with investors CEO Rajiv Ramaswami touted his company's "healthy, year-over-year increase in our win rate against our largest competitor." Ramaswami didn't name that competitor, but he�s talking about VMware, where he served as a COO before moving over to Nutanix�s chief executive post in December. Also on the earnings call, Ramaswami said Nutanix cut its global headcount by about 2.5 percent, primarily sales and marketing jobs, as it continues its transition to a software-as-a-service (SaaS) and subscription business model. "We expect this action to yield approximately $50 million in annual savings," he said.
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