Sheffield-based WANdisco, the data activation platform, has revealed that it is undertaking a reorganisation and review process that will reduce the company’s global headcount by approximately 30%.
The proposed actions are across all areas of the company’s operational and geographic footprint, with the individuals impacted being consulted in accordance with local law with the provision of support and information on next steps.
WANdisco says it has conducted a detailed review of the business which has “indicated the need for difficult but necessary changes to the company’s size in order to position the company for long-term growth and success.”
The news comes after scandal hit the business recently, in which “significant, sophisticated and potentially fraudulent irregularities with regard to received purchase orders and related revenue and bookings, as represented by one senior sales employee” were discovered. Trading in WANdisco’s shares were subsequently suspended back in March.
Kenneth Lever, executive chairman of WANdisco plc, said: “The proposal to reduce the company’s overall headcount was considered at great length. Regrettably, the proposed action is a necessary step to responsibly position WANdisco for long-term growth.
“We are working through the process as sensitively and supportively as we can, providing those directly impacted with as much information and support as possible and at all times in full compliance with local law.”
