Nutanix cuts ~4% of workforce; expects $20-25M charge in Q1 FY23

Nutanix, Inc.

Approximately 270 employees (~4% of workforce) to be let go as part of cost-cutting drive.
Pre-tax charge of $20M-$25M expected in fiscal Q1 ending October 31, 2022, primarily severance.
Headcount reduction expected to be substantially completed by October 31, 2022.
Management states action supports ongoing efforts to drive toward profitable growth.

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