DataRobot fires 26% of employees to cut costs

Artificial intelligence startup DataRobot is laying off 26% of its employees to control costs. This is reported by the information, citing its own source in the company, who was present at the last meeting with the management.

The American startup DataRobot, which has offices in Ukraine in particular, lay off 26% of its staff, and another 7% leave the company voluntarily, acting CEO Debanjan Saha said during a meeting. He also added that the dismissal will affect all work processes in the company.

A DataRobot spokesperson confirmed the layoffs via email, calling them a "difficult but necessary step to reorganize." The company says this is necessary to focus on DataRobot's strengths — innovation and delivering value to customers — and work on long-term sustainable sustainability.

This is the second round of DataRobot staff cuts this year. For the first time, 7% of employees left in May. This comes a month after former CEO Dan Wright stepped down after internal outrage over the stock sale scandal.

On June 15, the media reported that DataRobot's management was allegedly involved in fraud with the sale of shares and unjustified expenses against the background of a reduction in the company's profits. DOU wrote about this in detail here.