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Michael Goldberg

Weatherhead’s Michael Goldberg talks about reasons Hyland Software laid off 20% of its workforce

Westlake-based Hyland Software laying off about 1,000 employees, 20% of its workforce
WEWS: Michael Goldberg, executive director of the Veale Institute for Entrepreneurship and associate professor at Weatherhead School of Management, discussed the reasons Hyland Software cited in its decision to lay off 20% of its global workforce—inflation, interest rates and rising wages among them. “They’re following the lead of other tech companies that are paring down their workforces as the fear of recession and cutting costs really takes precedence for these tech companies,” Goldberg said.