5. OneTrust’s Kabir Barday
OneTrust confirmed layoffs impacting 950 employees, or about 25% of its workforce as part of a reorganization despite record quarters and increasing customer demand.
That’s according to Kabir Barday, the CEO of OneTrust, the privacy, security and governance provider based in Atlanta. Barday made waves for announcing the layoffs when his company is perceived to be doing well.
“It is one of the most difficult decisions I’ve had to make as a leader,” Barday said in a blog. “My responsibility is to ensure OneTrust thrives and is positioned for sustained growth, and unfortunately, reducing our headcount and adapting to the capital markets sentiment is what is needed to keep us in our leadership position.”
Read more about the company’s decision to cut workers.
