Market-Research Firm AlphaSense Cut 150 Jobs in Restructuring

Market-research startup AlphaSense recently laid off 150 employees, or about 8% of its workforce, as part of a restructuring following its acquisition of data provider Tegus.

The firm made the cuts earlier this month to address redundancies and streamline operations, an AlphaSense spokesperson said in an emailed statement. “This decision helps to ensure the company’s long-term success, and its stability and growth moving forward,” the spokesperson added.

AlphaSense, which uses artificial intelligence to gather and analyze company documents, news, equity reports and other data, agreed in June to buy Tegus for $930 million. Through this deal, AlphaSense inherited a library ...