Tech companies announce significant layoffs amidst economic uncertainty.

Private equity-owned Veeam has laid off 200 employees in a move to drive efficiency and prioritize investment in research and development. The company claims to have achieved a $1 billion annual run rate and served more than 365,000 customers worldwide. Veeam expects total headcount to increase by the end of the year and wants to accelerate hiring in other areas. The layoff percentage was about 3.8 percent, and Veeam wants to emphasize that it has over 450,000 customers.