Big data startup Dataminr slashing 20% of staff as part of restructuring
Dozens of jobs are on the chopping block at Dataminr as the big data startup restructures its business.
According to TechCrunch, the New York-based tech company is eliminating approximately 20 per cent of its total workforce, or 150 positions.
In a memo to staff, founder and CEO Ted Bailey cited the impact of the economic environment, operational efficiencies, and “the recent rapid advancements of our AI platform.”
He added that the restructuring measures will “put Dataminr on a very strong financial footing moving forward.”
It remains unclear if any Canadian workers are affected by the latest round of job cuts.
Dataminr claims on its website that it employs more than 800 people across seven global offices.
If you’re a non-unionized employee, check out our Dataminr Layoffs guide.
You can also use our free Pocket Employment Lawyer tool for real-time insights.
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About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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