Skip to main content

Nutanix will furlough at least 1,500 employees, or 24% of its workforce, due to the COVID-19 crisis (NTNX)

* Nutanix, the enterprise software maker, is furloughing at least 24% of its employees due to the impact of the COVID-19 crisis. * Nutanix has notified the state of California that it plans to furlough about 1,500 in the state. The company did not disclose how many employees outside California and in other countries will be affected. * The Silicon Valley tech company said US employees will take two week-long unpaid furloughs in the next six months. Employees outside the US will take two weeks of unpaid leave also in the next six months. * The affected employees will keep their benefits and remain employed by Nutanix, Jennifer Massaro, a company senior director, told Business Insider. * Nutanix this week withdrew its financial outlook for its current fiscal year which ends in July, citing  "uncertainties arising from the COVID-19 pandemic." * Click here for more BI Prime stories. Nutanix will furlough many of its employees as the enterprise software company reels from the COVID-19 crisis. The San Jose-based company is furloughing at least 1,500 employees in California, according to a Worker Adjustment and Retraining, or WARN notice, filed with the state. That's nearly a quarter — about 24% — of the its 6,100 employees worldwide.  Nutanix has not disclosed the number of employees that it is furloughing outside California, Jennifer Massaro, a senior public relations director, told Business Insider.  Affected US employees will take two week-long unpaid furloughs in the next six months, the company said. Employees outside the US will also be asked to take two weeks of voluntary unpaid leave in the next six months. "I can confirm that the number included in the WARN notice includes senior executives at our San Jose headquarters," Massaro said.  The furloughs were first reported by CRN. "Our philosophy as we navigate the COVID-19 pandemic is to do the 'most good' with the least amount of harm for all of our employees, and these actions will help us achieve that," Massaro added.  The affected employees will keep their benefits and remain employed by Nutanix, she said. On Monday, Nutanix, which provides software that makes it easier for companies to manage their networks in the cloud and in private data centers, withdrew its financial outlook for its fiscal year which ends in July citing the "uncertainties arising from the COVID-19 pandemic." The company is expected to report its quarterly earnings on May 27.  Got a tip about Nutanix or another tech company? Contact this reporter via email at bpimentel@businessinsider.com, message him on Twitter @benpimentel or send him a secure message through Signal at (510) 731-8429. You can also contact Business Insider securely via SecureDrop. Claim your 20% discount on an annual subscription to BI Prime by clicking here. SEE ALSO: $3.4 billion cloud company Nutanix was founded in the midst of the Great Recession. Here's how its CEO plans to steer it through another crisis as coronavirus takes its toll on its business Join the conversation about this story » NOW WATCH: What makes 'Parasite' so shocking is the twist that happens in a 10-minute sequence
https://bit.ly/3ftaunF

Popular posts from this blog

How to enable the text-to-speech feature on your Kindle Fire device to hear text read aloud

* You can enable the text-to-speech feature on your Kindle Fire device to have written content read aloud. * Both Kindle content and your personal documents can utilize the text-to-speech feature. * Text-to-speech inputs are also available for languages other than English and can be downloaded via the progress bar within the book itself. * Visit Business Insider's Tech Reference library for more stories. If you are vision-impaired or simply want to hear your book or document aloud rather than reading the text, Kindle Fire has a text-to-speech feature that will translate the written words to audio so you can listen aloud. Best of all, text-to-speech is not only available for Kindle books but also for many (though not all) personal text files. Turning on text-to-speech is easy and should only take a few seconds. Books in the Kindle store will even notify you if the capability is available before you purchase, though the feature must be turned on within the book or document itse...

The NSA warned staff that smartphone apps can track them. Here are their recommendations to avoid tracking.

* The NSA warned members of the US military and intelligence community this week that their smartphone apps could be tracking them and put their security at risk. * In guidance issued Tuesday, the agency noted that many apps make use of WiFi, GPS, and Bluetooth to collect cellphone location information, which is typically sold to advertisers or third parties. * The agency recommended specific steps for staff to reduce their data exposure, like restricting app permissions and reducing web browsing on their smartphones. * Visit Business Insider's homepage for more stories. The National Security Administration warned staff that the amount of data their smartphones track could pose a national security risk in new guidance issued Tuesday. The guidance highlights a practice that's common across Silicon Valley products but rarely understood by consumers: smartphones are constantly gathering information on users' location, through a combination of apps, the smartphone's o...

All the coolest features of every Tesla vehicle ever made or unveiled, ranked (TSLA)

* Tesla's vehicles are and always have been crammed with great ideas. * These range from touchscreen interfaces to innovative battery designs to staggering acceleration. * I've driven or experienced every vehicle Tesla has ever sold or intends to sell in the future. * Here are all my favorite features, ranked. * Visit Business Insider's homepage for more stories. In about two decades, Tesla has done what everyone in the auto industry thought was impossible: create an all-electric brand that could sell hundreds of thousands of vehicles. Tesla could have done that in a boring or modest way, developing  the equivalent of an electric VW Beetle. Instead, Tesla made fantastically compelling cars that are fast, look amazing, and are packed with features. Here's a rundown of all my favorites, ranked from bottom to top: FOLLOW US: On Facebook for more car and transportation content! Tesla has been in business for 17 years. In that period of time, it's consisten...