Five 9裁员7%以“专注于股东价值”

2024-08-21 03:33

Five9 (NASDAQ:FIVN) plans to reduce its global workforce by 7% as part of its larger plan to increase shareholder value, the company revealed today in an SEC filing.
The layoffs are part of the cloud-based, contact center software provider's "broader efforts to drive balanced, profitable growth, further supporting our positive, long-term outlook and focus on increasing shareholder value."
With approximately 2,600 employees, the staff reduction looks to affect about 180 workers. It is expected to cost the company $12M to $15M, which will be incurred during the third and fourth quarters of this year.
The revelation comes less than two weeks after the company's second quarter 2024 financial results, which featured lowered annual revenue guidance due to weaker booking trends. Five9 shares plunged about 25% on the following day.
"Looking forward, Five9 is focused on driving shareholder value by increasing revenue, improving profitability, investing in our key strategic initiatives, and delivering for our customers," said Five9 CEO Mike Burkland, in a letter to employees.

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