E-Discovery Provider DISCO to Lay Off Roughly 9% of Workforce as Cost-Reduction Initiative
DISCO stated a commitment to laying off 62 employees, or about 9% of its global staff, in a Form 8-K filed with the SEC on January 19, 2023.
January 21, 2023 at 12:16 AM
2 minute read
E-Discovery
Layoffs have hit legal tech once again.
E-discovery and legal software provider DISCO committed to laying off 62 employees, or about 9% of its global staff, according to a company Form 8-K filed with the SEC on January 19, 2023, as reported by the website layoffs.fyi. The filing stated:
"On January 19, 2023, the Company committed to a plan to reduce its workforce by approximately 62 employees, representing approximately 9% of the Company's current global workforce (the "Plan"). The Plan was based on cost-reduction initiatives intended to reduce the Company's cost structure and accelerate its path to profitability.
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