Qualtrics cuts workforce by 15% amid restructuring

Utah-born tech giant Qualtrics announced Wednesday it is cutting some 780 jobs from its workforce of around 5,000 as the company gets set to move forward with a restructuring effort under new private ownership. In addition to the layoffs, the company plans to redefine and shuffle hundreds of other positions, according to an email from Qualtrics CEO Zig Serafin that went out to employees Wednesday morning. In the post, Serafin wrote the decision to reduce staff was “painful” but “also necessary” and noted an earlier period of rapid hiring at...