Microsoft-backed FarEye fires 90 employees in second round of layoffs within 8 months


Content Team
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SaaS logistics startup FarEye fired 90 employees across countries earlier this week in the second round of layoffs within eight months to cut costs. The latest round of job cuts impacted employees across departments, including tech, product, HRBP, and sales, the sources said. FarEye CEO Kushal Nahata cited macroeconomic headwinds for the layoffs and said the reduction in staff was necessary to align business strategy with market demand.