AI company to lay off more than 500 employees — after boasting about ‘strong’ third quarter

7-11-2023 Business NY Post - Business 20

A tech company based in the San Francisco Bay Area bragged about its strong third-quarter results — only to announce that it was laying off hundreds of employees. Informatica, a cloud-based AI data company, put out a press release that quoted CEO Amit Walia touting “another strong step forward” for the company. “Our team delivered...

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