- Infoblox (OTCQB:BLOX) is laying off 110 employees, or 12% of its workforce. The company expects to record $6.5M worth of restructuring costs.
- The company adds the restructuring includes "steps intended to optimize program-based and discretionary spending; revise hiring priorities with a goal to support customer-facing sales coverage while improving overall sales and marketing efficiency; and reduce headcount in higher cost locations and for certain identified positions."