Vista Equity Partners

Cvent reduces headcount by 10% worldwide

Event tech giant Cvent, has which has grown exponentially in recent years and which was acquired in 2016 by Vista Equity Partners in a record US$1.65bn deal, has released the following statement, 22 May, announcing a major programme of lay-offs and furloughing of staff: “Furloughs and lay-offs have greatly impacted professionals across the meetings, events, and hospitality industries – indus...