Hundreds of employees have purportedly been laid off by the business software colossus Anaplan in the United States. According to The New York Post, the total number of Anaplan reductions is “believed to be substantial,” and the remaining employees are “worried about internal politics and job security.”
At least 119 employees were laid off at the company’s headquarters in San Francisco. According to the claim, at least 300 employees were affected by redundancies.
According to the report, software engineers, copywriters, security analysts, and other positions were affected by the company-wide layoffs. “One Anaplan employee claimed on Blind that more than 500 employees across US and UK offices were affected,” the report continued.
The business software giant Anaplan has started firing a lot of people.
In 2022, the private equity firm Thoma Bravo paid $10.4 billion for Anaplan. Some affected employees were quoted as saying that Thoma Bravo has “destroyed the company” since going private.
“The people doing the hard work, driving the product and revenue, and supporting customers are being laid off, without any evaluation of the C-level leaders,” an affected Anaplan employee told The Post.
As of the end of March, Thoma Bravo, a significant participant in software investment, had more than $127 billion in assets under management. Representatives from both Thoma Bravo and Anaplan declined to comment. Several Anaplan employees verified that they were instructed to join LinkedIn. “That was fast.
Unfortunately, my voyage with Anaplan came to an end yesterday due to redundancies,” a former executive wrote on LinkedIn. “I am aware that many individuals have been here before, particularly in recent years. It is startling, disheartening, and full of a sense of loss.”