WESTLAKE, Ohio — Hyland Software, one of the largest tech companies in Northeast Ohio, announced today it will lay off more than 100 employees as part of a "multi-year strategic initiative to build a cloud-first platform for the future while supporting our customers’ success today."
Officials confirmed the cuts to 3News Thursday night, saying they "are providing affected employees with assistance in their transitions." All of the layoffs came from Hyland's product delivery team.
Cleveland Scene was the first to report the story, with employees telling the publication the move "came out of left field" in a recorded Zoom message to those working from home. While Hyland says it plans to increase its overall number of employees by 15% next year, Scene is claiming many of the technologist jobs will be outsourced to Indian and Poland.
"This has shaken up the culture of Hyland and absolutely compromised our trust in the company," one employee told the magazine.
Hyland raked in more than $500 million in revenues last year according to incfact.com, and also purchased German-based software developer Another Monday back in August. The 30-year-old company currently employs more than 3,000 people and has been attempting to expand its global reach for some time.
Read Hyland's full statement to 3News below:
"Hyland is in the midst of a multi-year strategic initiative to build a cloud-first platform for the future while supporting our customers’ success today. A component of this strategy is to hire more than 300 additional technologists and increase our overall employee count by 15 percent in 2021. As we focus on innovating our platform and strategically expanding our global footprint, we have made the difficult decision to eliminate some positions on our current Product Delivery team. We are providing affected employees with assistance in their transitions."
Watch a 2019 interview with Hyland President and CEO Bill Priemer in the player below: