Connectwise's CEO has confirmed redundancies of the vendor's "global workforce".
In a statement Jason Magee said that the coronavirus pandemic has scuppered plans for 2020, leaving the firm needing to "pivot" on its approach.
He added that the redundancies were made earlier this week.
"Tuesday was a tough day for everyone at ConnectWise, as we completed a reduction of our global workforce," he explained.
"This decision was hard, but purposeful. It allows us to remain healthy and puts us back on track to execute against our plan, so we can continue to invest in strategic areas that will move the company forward.
"The cuts were tactically made across the company, and ConnectWise is in a healthier position to better invest resources where partners need us most.
"It ensures we can continue to be resilient and flexible to ongoing change and need, better enabling both our partners and ConnectWise to persevere together in our combined future.
Connectwise said the cuts equate to four per cent of its global workforce.
The vendor follows fellow MSP supplier Datto in announcing redundancies as a result of the pandemic.
Connectwise recently made one of the largest acquisitions ever in the space, when it snapped up Continuum last October.
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