Totango and Catalyst Merger Leads to Layoffs
What You Need To Know
Well, it didn’t take that long.
Following the recent merger announcement between Israeli company Totango and American company Catalyst only ten days ago, a wave of layoffs has just impacted both organizations.
The decision to downsize was influenced by overlapping roles and functions resulting from the merger.
Totango, renowned for its customer management systems, previously boasted a team of over 100 employees before the merger.
Now under the leadership of co-CEOs Alistair Rennie and Edward Chiu, the merged entity is focused on providing a comprehensive solution for managing customer relationships to drive revenue growth.
The primary objective is to leverage the combined strengths of both companies to deliver increased value to customers and of course, take on the market leader, Gainsight!
This merger between Totango and Catalyst signifies a shift in the high-tech landscape, promising improved services for businesses seeking to enhance their customer relationships.
I’m curious to see how things evolve in the coming months.
-Hakan.
