https://layoffcheck.com/companies/alphasense Layoff and WARN notices reported for AlphaSense. en-us https://layoffcheck.com/companies/alphasense#2024-11 https://layoffcheck.com/companies/alphasense#2024-11-535 Wed, 27 Nov 2024 12:00:00 GMT AlphaSense laid off 150 employees, about 8% of its workforce, in November 2024 following its $930 million acquisition of data provider Tegus. The cuts were aimed at eliminating redundancies created when the two organizations merged. AlphaSense, an AI-driven market intelligence platform that analyzes company documents and financial data, closed the Tegus deal in July 2024 after raising $650 million in new funding that pushed its valuation to $4 billion. A company spokesperson said the decision "helps to ensure the company's long-term success, and its stability and growth moving forward." No specific teams or office locations were identified as disproportionately affected. The layoffs came as AlphaSense was widely viewed as preparing for an eventual IPO, making the post-acquisition rightsizing a move to improve its financial profile heading into that process.