Pegasystems once again retrenched, fired 240 employees

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San Francisco. Global software company Pegasystems is laying off 4 per cent of its workforce ie about 240 employees, cutting jobs for the second time this year.

US-based Pegasystems (Pega) said in a public filing that it plans to cut about 4 percent of its workforce across various geographies, citing restructuring of its customer success roles, reported Boston Business Journal. .

Pega expects some of the reductions to affect Massachusetts state employees, the company said in a statement.

“These will be go-to-market roles to simplify our customer engagement approach and better support our business strategy,” the company said.

Pega is “reorganizing” its workforce in order to “upgrade and simplify our customer engagement.”

In January this year, the software company had announced layoff of 4 per cent of its over 6,000 employees.

The company’s filing said that the reduction in the workforce is part of the company’s goal to improve the operating model.

The company was engaged in a detailed review to improve its “go-to-market operating model”.

In a filing with the US Securities and Exchange Commission (SEC), the firm said it is expected to take an $18.9 million charge in the fourth quarter of 2022 related to cash severance and benefit costs for terminated employees.

The company had approximately 6,500 employees globally, with three regional headquarters in North America, Europe and Asia Pacific.

(IANS)

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