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Veeam Software Announces Workforce Restructuring with 300 Job Cuts

Veeam Software, a data management leader, restructures, cutting 300 jobs; emphasizes support for affected employees. Business plans remain undisclosed

Women's Tabloid News Desk
Women's Tabloid News Desk

Veeam Software, a prominent figure in data management with over 450,000 customers, has reportedly cut 300 jobs in a recent round of layoffs. Last year, the company also laid off 200 employees.

A senior campaign account manager shared on LinkedIn that she and approximately 300 colleagues were “eliminated” during this organizational restructure.

Matthew Bishop, Veeam’s Chief Operating Officer, acknowledged the layoffs in a statement, stating that the company is undergoing changes in various areas. He mentioned, “We don’t publicly disclose confidential business plans, but we can share we’re ramping up hiring in some areas, transitioning some roles to new teams, and retiring other roles.” Bishop emphasized the company’s primary focus on providing support to affected employees, helping them find their next career opportunity.

Veeam, acquired by Insight Partners for $5 billion in 2020, specializes in safeguarding customers from cyber threats, including ransomware.

The company witnessed a change in leadership in 2022 when Anand Eswaran, of Indian origin, became the CEO. In the same year, Veeam acquired Kasten, a Kubernetes backup, and disaster recovery market leader, in a $150 million cash and stock deal. Despite recent layoffs, Veeam reported that 2023 marked its best-ever year in terms of market share, now holding the number 1 position globally, along with significant growth and profitability.

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