RingCentral
is slicing its workforce by 10%, the cloud-primarily based communications company said, as component of a broader program to lower prices in the encounter of a deteriorating financial surroundings.
RingCentral (ticker: RNG) built the announcement in link with its 3rd- quarter earnings report, which incorporated weaker-than-expected financial guidance for the fourth quarter. RingCentral shares are rallying in reaction to the work news, mirroring an uptick earlier in the working day for
Meta Platforms
(META) adhering to its own announcement of substantial layoffs.
RingCentral
is slicing its workforce by 10%, the cloud-primarily based communications company said, as component of a broader program to lower prices in the encounter of a deteriorating financial surroundings.
RingCentral (ticker: RNG) built the announcement in link with its 3rd- quarter earnings report, which incorporated weaker-than-expected financial guidance for the fourth quarter. RingCentral shares are rallying in reaction to the work news, mirroring an uptick earlier in the working day for
Meta Platforms
(META) adhering to its own announcement of substantial layoffs.
