Company created by Citrix-Tibco merger confirms it has laid off 15% of staff

The continuing onslaught of tech layoffs has not let up in the new year. Last week, we saw big layoff announcements from Amazon and Salesforce with thousands of employees being let go. Yesterday CRN reported that Cloud Software Group was undertaking massive layoffs. Today the company confirmed it was laying off 15% of the workforce.
Although the company would not share just how many people were involved, it appears to be in the thousands.
Cloud Software Group was formed last year after PE firms Vista Equity Partners and Evergreen Coast Capital (an affiliate of Elliott Investment Management) to

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