The coronavirus pandemic is causing Pivot3 customers to suspend business decisions and is putting some “extraordinary strains” on the company which is causing layoffs at the hyper-converged infrastructure and video surveillance specialist, the company has revealed.
“In a situation like this, the responsible approach is to make some strategic and structural changes to our business to preserve resources and to ensure our continued ability to support our customers, who in many cases depend on us for mission-critical deployments,” said Bruce Milne, Pivot3’s vice president and chief marketing officer in a statement. “We are adjusting the size of our team and staying focused on our core mission. We have preserved all key operational aspects of our business so that we can continue to market, sell, service and support customer solutions.”
Pivot3 declined to say how many total employees were being let go. The Austin, Texas-based company, lists approximately 250 employees on LinkedIn with offices in Austin, Houston, Colorado, Dubai, Mexico City as well as offices in the U.K. and Asia-Pacific.
Milne said the coronavirus has greatly strained Pivot3 and the IT market in general.
“This market environment has put some extraordinary strains on the economy and on businesses of all sizes. Pivot3 is no exception; we’re seeing our customers’ timelines slip and decisions get suspended as everyone evaluates the impact of this slowdown on their own businesses,” said Milne. “We also don’t have any clear insight as to how long this will last. While we can be hopeful that it’s short lived, we don’t have that certainty.”
