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Some Staff Cuts In Data Protection Technology Market

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Some Staff Cuts In Data Protection Technology Market

Article by Joe Panettieri.

Datto is latest to confirm some cuts. CEO provides context & remains upbeat about long-term MSP and SMB technology market opportunities.

The long-term outlook for the data protection market remains strong, but near-term the industry is not fully immune to the coronavirus pandemic and resulting economic fallout. Indeed, multiple backup and disaster recovery (BDR) technology suppliers have trimmed staff over the past couple of weeks, including vendors across the enterprise, SMB and MSP sectors.

Examples include targeted job cuts at Cohesity and Carbonite in early May 2020, and some job cuts this week at Datto, ChannelE2E has confirmed. Each of those companies offers cloud-based data protection services, though their business models, ownership models, and target markets vary from business to business. […]

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