Catastrophe, Qumulo lays off 20% of employees

Qumulo, a leader in scalable file storage, has made a surprising announcement anticipating a decline of its business and wishing to also optimize its cost. The company cuts 20% of its employees number to reach 340 people, it represents 80 departures.

Is it due to active competition especially from VAST Data and WEKA gaining clearly market share with new architecture and product philosophies. We realize that the company lost its innovation capabilities and its image on the market is impacted bering considered more as a follower today.

If the situation would persist, HPE, a key partner for Qumulo always looking for bargains as they did with Nimble Storage and SimpliVity, will jump into it for sure but not at any price.

We'll see but the company is very opaque finally giving up its participation to the coming IT Press Tour in October. Not a good sign for sure as the exposure and press coverage are always maximum for each edition. All of this is about cost control and clearly their financial is under strict control to avoid any slip.