Veritas Layoffs Impact California Headquarters

Veritas layoffs will impact more than 70 workers – including a CTO and several high-ranking engineers – at its Santa Clara, California, headquarters.

According to WARN notices filed with the California Employment Development Department, Veritas is eliminating 74 positions. The data protection provider notified the employees last month, and they will lose their jobs between now and Nov. 30.

The layoffs should be permanent. None of the employees are represented by a union. And there are no bumping rights, which give senior employees priority to bump more junior workers.

Camaron Bahar is Veritas’ senior vice president and global CTO. We couldn’t reach Veritas to confirm if he is in fact the CTO getting the ax. The termination date for the CTO mentioned in the WARN notice was Aug. 21.

Also losing their jobs are numerous software engineers, developers, product managers, accountants and others.

Veritas provided the Silicon Valley Business Journal with the following statement about the layoffs:

“As Veritas seeks to reduce costs in the face of economic headwinds due to these uncertain times globally, we can confirm that we informed the global team of its intention to carry out a very small workforce reduction action in [the second quarter]. We’re not at liberty to discuss any additional details other than to reiterate that we’ve been very open and transparent with our employees about our strategy and what we’re working together to achieve to best serve our customers and partners.”

According to its website, Veritas has more than 7,000 employees globally. It also has more than 50,000 customers and operates in more than 35 countries. The company provides data protection and availability.

Roy Illsley is chief analyst of IT and enterprise for Omdia.

“The backup market has been going through a lot of change over the past few years and has become crowded with similar sized competitors, think Veeam, Commvault, etc.,” he said. “They are all chasing the same customers, but they are all seen as the traditional backup/data protection provider. The rise of cloud-native has created a new subsegment that is growing fast and where they need day-two solutions like backup for. The numbers are not large, 74, which is a small percentage of the workforce, but it would be interesting to know exactly their roles as this may indicate where the cuts are being targeted.”

Last month, Veritas introduced new innovations to its Enterprise Data Services Platform (EDSP). It helps customers reduce risk, optimize cost, strengthen ransomware resiliency, and manage multicloud environments at scale.