Chicago Local News — Software firm Relativity cuts 10% of staff that we obtained from news agencies. opinions and stunning details about the Software firm Relativity cuts 10% of staff that you have never heard before.
Software firm Relativity cuts 10% of staff
Tech companies of all sorts are cutting back right now, with stocks falling hard and dragging down valuations of private companies. Venture funds have cautioned their portfolio companies to reduce spending to conserve cash amid rising borrowing costs and fears of a recession. Giants such as Meta, the owner of Facebook, Amazon and Microsoft have announced layoffs after years of brisk hiring.
“To support our core business strategy going forward, we will reduce and realign our investments in certain parts of the business and adjust our overall cost structure,” the company said in a statement. “We believe these changes will prepare Relativity, which is healthy and growing, for any headwinds from what is becoming an…