Nutanix Sets Record Straight Over False Reporting Of “1,500 Layoffs” Caused By Covid-19
Nutanix (NASDAQ: NTNX) has dispelled rumours of temporary layoffs, as the company labelled news outlet’s recent report of 1,500 layoffs as “inaccurate”.
The company said that like many companies in today’s Covid-19 economic environment, it is taking proactive steps to help minimise the long-term impact on its global team members and customers.
A spokesperson from Nutanix told Data Economy that, “these steps include two, week-long unpaid furloughs for many of our U.S. team members over the course of the next six months.
“We have also asked our staff outside of the U.S. to take a total of two weeks of voluntary unpaid leave, again over the course of the next six months.
“Furloughed U.S. staff, as well as staff outside the U.S. who voluntarily take unpaid leave, will maintain their benefits and employment status with Nutanix while on furlough / unpaid leave.
“We have carefully scripted these actions to minimize the impact on our customers, with all Nutanix services fully available during this time.”
The company said that its plan to navigate the Covid-19 pandemic is to do the “most good” with the least amount of harm for all of its employees, and added that these actions will help the company achieve that.
“To be clear, several news outlets have characterized these actions as “layoffs” or “temporary layoffs,” which is inaccurate and most of these reports have since been corrected,” the spokesperson reiterated.
Elsewhere, the enterprise cloud-computing firm announced its preliminary total revenue, software and support revenue, and TCV billings for the fiscal third quarter ended April 30, 2020.
For the fiscal third quarter, the company expects total revenue to be between $312 and $317 million, up 8% to 10% year-over-year.
“While we have continued to see steady demand for our hybrid cloud solutions, there is a significant level of uncertainty regarding the ongoing impact of Covid-19 on our customers and end markets over the coming quarters,” said Duston Williams, CFO of Nutanix (pictured).