Exclusive: Gainsight cuts about 270 jobs as it refounds business around AI agents

This post was originally published on this site.

Investing.com — Gainsight has cut jobs as the customer success software company restructures around AI agents and outcome-based pricing, Investing.com has learned.

Our AI stock portfolio is beating the S&P 500 by 118%. Discover the stocks we’re buying and the opportunities we’re watching next. Exclusive for Yahoo! Finance readers: 55% off for Black Friday, plus an extra 15% at checkout. Subscribe today! »

Approximately 270 roles are affected by the cuts, according to a person familiar with the matter.

The layoffs were first flagged in a post on Blind, the anonymous professional network.

Chief Executive Chuck Ganapathi confirmed the cuts in a LinkedIn post but did not say how many roles were affected.

“An important step in this transformation is to rethink our operating model and the roles we need for the future. And so, unfortunately, we are saying goodbye to teammates we care deeply about,” Ganapathi wrote.

Stop chasing stocks after they’ve already rallied. Find your next investment opportunity with AI stock picks, earnings insights, and market-moving news. Yahoo! Finance readers get an extra 15% off on top of the 55% off Black Friday price. Join today! »

He said departing staff would receive financial transition assistance, continued access to healthcare and career transition support.

In an open letter, Ganapathi said Gainsight is refounding itself to move from selling customer success software to delivering retention as an outcome, shifting from seat-based to value-based pricing.

Under the new model, the company aims to give every customer a single Outcome Executive accountable for results: a dedicated person for the largest accounts and an AI agent for the long tail of smaller ones.

“This means fewer people in some roles, new skills in others, and roles that didn’t exist a year ago,” Ganapathi wrote. He added that some staff had moved into Gainsight’s AI-Native Services business.

He said the company’s core business remains highly profitable.

Original Article

Exclusive: Gainsight cuts about 270 jobs as it refounds business around AI agents

Goldman cuts 2 European private markets managers to Sell amid mixed outlook

Morgan Stanley flags automation threat to TP’s growth and margins

Leave a Reply

Your email address will not be published. Required fields are marked *