Close Menu
    Facebook X (Twitter) Instagram
    • Our Story
    • Partner with us
    • Reach Us
    • Career
    Subscribe Newsletter
    HR KathaHR Katha
    • Exclusive
      • Exclusive Features
      • Research
      • Point Of View
      • Case In Point
      • Dialogue
      • Movement
      • Profile
      • Beyond Work
      • Rising Star
      • By Invitation
    • News
      • Global HR News
      • Compensation & Benefits
      • Diversity
      • Events
      • Gen Y
      • Hiring & Firing
      • HR & Labour Laws
      • Learning & Development
      • Merger & Acquisition
      • Performance Management & Productivity
      • Talent Management
      • Tools & Technology
      • Work-Life Balance
    • Special
      • Cover Story
      • Editorial
      • HR Forecast 2024
      • HR Forecast 2023
      • HR Forecast 2022
      • HR Forecast 2021
      • HR Forecast 2020
      • HR Forecast 2019
      • New Age Learning
      • Coaching and Training
      • Learn-Engage-Transform
    • Magazine
    • Reports
      • Whitepaper
        • HR Forecast 2024 e-mag
        • Future-proofing Manufacturing Through Digital Transformation
        • Employee Healthcare & Wellness Benefits: A Guide for Indian MSMEs
        • Build a Future Ready Organisation For The Road Ahead
        • Employee Experience Strategy
        • HRKatha 2019 Forecast
        • Decoding and Driving Employee Engagement
        • One Platform, Infinite Possibilities
      • Survey Reports
        • Happiness at Work
        • Upskilling for Jobs of the Future
        • The Labour Code 2020
    • Conferences
      • Rising Star Leadership Awards
      • HRKatha Futurecast
      • Automation.NXT
      • The Great HR Debate
    • HR Jobs
    WhatsApp LinkedIn X (Twitter) Facebook Instagram
    HR KathaHR Katha
    Home»News»Layoff»Informatica announces 7% reduction in its workforce
    Layoff

    Informatica announces 7% reduction in its workforce

    HRK News BureauBy HRK News BureauJanuary 12, 20232 Mins Read11250 Views
    Share LinkedIn Twitter Facebook
    Share
    LinkedIn Twitter Facebook

    Informatica, has revealed plans to reduce its workforce by 7% in the first quarter of 2023. The layoffs will affect about 450 employees out of the company’s global workforce of over 5,500.

    Reportedly, the company that specializes in managing data, stated that the layoffs will help them align their workforce with their cloud-based priorities and reduce costs.

    Informatica stated that it anticipates the layoffs to be finished by the first quarter of 2023, but added that there may be limited exceptions. The company also mentioned that the financial expenses related to the restructuring plan will not be included in its earnings for the quarter ending December, which will be announced in February.

    As a result of the workforce reduction, Informatica will incur one-time costs of around $25 to $35 million, according to a company filing. These costs will include expenses related to transitioning employees, providing notice, severance pay, and employee benefits.

    In addition to the layoffs, Informatica also announced that Michael McLaughlin would be replacing Eric Brown as the company’s chief financial officer. McLaughlin previously served as the CFO of the Fair Issac Corporation before joining Informatica.

    The company’s decision to lay off employees comes shortly after other major tech companies like Amazon and Salesforce announced significant layoffs earlier in the year. The layoffs in technology companies have become a regular occurrence towards the end of 2022 as companies feared an economic slowdown due to various factors such as the pandemic, geopolitical tensions, and natural disasters.

    Informatica
    Share. LinkedIn Twitter Facebook
    HRK News Bureau

    Leave A Reply Cancel Reply

    four × five =

    Related Posts

    Welspun Living and NSDC collaborate to upskill Indian textile workforce

    June 19, 2025

    Now Karnataka to raise max working hours to 10 per day

    June 19, 2025

    Meta offering $100 million bonuses to lure OpenAI talent? 

    June 18, 2025

    Employee turns suspension into vacation after refusing weekend work

    June 18, 2025

    QUICK HR INSIGHTS

    EDITOR'S PICKS

    How corporate prejudices are strangling innovation in the workplace

    June 19, 2025

    Psychological safety: the new superpower in winning the talent war

    June 18, 2025

    How entitlement is quietly reshaping the modern workplace

    June 18, 2025

    How Raymond stitched tradition to transformation

    June 17, 2025
    Latest Post

    How corporate prejudices are strangling innovation in the workplace

    Exclusive Features June 19, 2025

    In the gleaming conference rooms of corporate India, a familiar drama unfolds. The candidate speaks…

    Welspun Living and NSDC collaborate to upskill Indian textile workforce

    Diversity Equity & Inclusion June 19, 2025

    Welspun Living (WLL), the global home textiles firm and a part of the global conglomerate…

    Swiggy elevates Saurav Goyal to SVP-driver and delivery product & ops

    Movement June 19, 2025

    Swiggy, the Indian on-demand convenience platform has promoted Saurav Goyal to senior vice president-driver and…

    Pocket Entertainment elevates Umesh Bude to CTO

    Movement June 19, 2025

    Umesh Bude has been promoted to the position of chief technology officer (CTO), Pocket Entertainment,…

    Asia's No.1 HR Platform

    Facebook X (Twitter) Instagram LinkedIn WhatsApp Bluesky
    • Our Story
    • Partner with us
    • Career
    • Reach Us
    • Exclusive Features
    • Cover Story
    • Editorial
    • Dive into the Future of Work: Download HRForecast 2024 Now!
    © 2025 HRKatha.com
    • Disclaimer
    • Refunds & Cancellation Policy
    • Terms of Service

    Type above and press Enter to search. Press Esc to cancel.