Sumo Logic Lays Off 79 Staffers on Heels of Sale to PE Firm

8% of Workforce Axed Weeks After Francisco Partners Named Citrix's Joe Kim as CEO
Sumo Logic has axed 8% of its workforce less than a month after Francisco Partners paid $1.7 billion to take the data analytics vendor private. The company told California's Economic Development Department on June 7 that it would lay off 79 staff at its Silicon Valley headquarters the following day.

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