The move comes amid a wave of layoffs among tech companies that are struggling to attain or maintain profitability as tech investment euphoria cools. Across the economy, there’s weakness in the employment market and in corporate profits.
“We’ve reduced a small number of roles — about 45, including about 25 in our U.S. offices,” Opower Vice President of Communications Matt Maurer said this morning in response to an inquiry from ARLnow.com. “It’s part of an effort to cut back on our overall spend in sales and marketing and R&D.”