New Delhi: US-based business software giant Anaplan has reportedly begun mass layoffs, affecting hundreds of employees. According to The New York Post, the total number of Anaplan layoffs is “considered significant”, while remaining employees are now “worried about internal politics and job security”.
At least 119 employees were laid off at the company’s San Francisco headquarters. Overall, at least 300 employees were affected by the layoffs, according to the report. According to the report, job cuts took place across the company, affecting roles such as software engineers, copywriters, security analysts and many more.
It added, “An Anaplan employee claimed on the blind that more than 500 employees were affected in US and UK offices.” In 2022, private equity firm Thoma Bravo acquired Anaplan for $10.4 billion.
Some affected workers were quoted as saying that Thoma Bravo had “destroyed the company” since taking it private.
An affected Anaplan employee told The Post, “People who are working hard and driving product and revenue and supporting customers are being fired without any evaluation from C-level leaders.” being taken out.”
A major player in software investments, Thoma Bravo had over $127 billion in assets under management (as of March end).
Representatives for both Thoma Bravo and Anaplan did not comment. Some employees at Anaplan confirmed that they were asked to go on LinkedIn.
One former executive wrote on LinkedIn, “It was quick. Unfortunately, my journey with Anaplan was cut short yesterday due to company layoffs.” “I know many people have been here before, especially recently. It’s shocking, disheartening and filled with a sense of loss.”
Several Anaplan employees also wrote about the mass layoffs on Blind, an app that provides an anonymous forum and community for verified employees to discuss issues.