(Courtesy photo) Relativity Lays Off Approximately 10% of Workforce In Cost-Adjustment Move
"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 an official statement.
December 09, 2022 at 10:21 AM
3 minute read
E-discovery giant Relativity announced on Wednesday that it was laying off approximately 150 workers, which represents roughly 10% of the company's entire workforce.
"On Wednesday, we announced the difficult decision to decrease our global team. This means that approximately 150 talented Relativians will be leaving the company," Relativity said in an official email statement to Legaltech News. "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. We believe these changes will prepare Relativity, which is healthy and growing, for any headwinds from what is becoming an increasingly uncertain macroeconomic environment. It will also better position the company to focus on, invest in, and continue to lead in our core areas where we have the best product-market fit and that are most valued by our customers and partners."
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