Hyland Software to cut jobs to 1,000 employees

US-based Hyland Software announced plans to lay off 20 percent of its workforce, representing 1,000 employees.
How job cut impacts businessBill Priemer, President and CEO of Hyland, said they are restructuring the organization, removing layers of management, adjusting team sizes and reassigning responsibilities across departments and levels.

The employees within the US received an email notification this week, outlining their status and next steps.