Company Directory - Pax8
Company Details - Pax8
Pax8
WebsitePax8 is a cloud distribution platform for IT service providers. It provides a modern cloud marketplace that simplifies the procurement, provisioning, and management of cloud services, empowering IT service providers to drive growth and streamline operations.
CCI Score
CCI Score: Pax8
-40.74
0.03%
Latest Event
Pax8 Announces 5% Workforce Reduction
Pax8 announced a reduction of 5% of its workforce, primarily impacting its North American operations, as part of a broader cost-cutting strategy amid economic challenges.
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TOADIE
Pax8 is currently rated as a Toadie.
Latest Events
- APR222024
Pax8 announced a reduction of 5% of its workforce, primarily impacting its North American operations, as part of a broader cost-cutting strategy amid economic challenges.
-50
Labor Relations and Human Rights Practices
April 22
The decision to lay off 5% of its workforce, predominantly in North America, reflects troubling labor practices that jeopardize worker rights and stability. This move, driven by aggressive cost-cutting during economic uncertainty, undermines employee security and is a setback for fair labor practices.
- APR182024
Pax8 announced a reduction in its global workforce, cutting less than five percent of employees—primarily in North America—to optimize operations and aim for long-term success. The decision, communicated through internal emails, raises concerns regarding its impact on worker stability and rights.
-40
Labor Relations and Human Rights Practices
March 28
The layoff, although a relatively small percentage of the overall workforce, adversely affects worker security and has clear implications for labor rights. It reflects a prioritization of cost efficiency and profitability over employee welfare, which is concerning from a human rights perspective.
Pax8 Cuts About Five Percent Of Workforce: ‘Parting With Valued Teammates Is Never Easy’
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Industries
- 423430
- Computer and Computer Peripheral Equipment and Software Merchant Wholesalers
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- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services
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