project44 says layoffs designed to launch restructuring

project44 executives say continued expected revenue growth and a healthy pipeline of new business cut against the notion that its move to let go of 63 employees is a sign of deteriorating fortunes.

project44 is one of a number of companies to restructure in the wake of economic uncertainty, with venture capital investors wanting to see “a path to profitability.” Photo credit: Shutterstock.com.

project44 executives say continued expected revenue growth and a healthy pipeline of new business cut against the notion that its move to let go of 63 employees is a sign of deteriorating fortunes.