Wilmington, North Carolina-based nCino, a financial technology company specializing in cloud-based banking software and core banking platform, has announced a 7% reduction in its workforce.
The companywide reduction in force will impact approximately 128 employees.
According to a company spokesperson, “As a global market-leader, nCino continuously evaluates our organizational structure to optimize operations and drive efficiency across the business. To ensure our long-term success in the face of evolving market conditions, we've made the challenging decision to reduce our global workforce by approximately 7%.”
“These strategic adjustments position us to accelerate innovation in the products and services our customers rely on. By streamlining our operations, we're investing more deeply in the capabilities that matter most to our customers' success while maintaining our unwavering commitment to delivering exceptional service and support.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?