Raleigh software startup, Pendo, is cutting 90 positions, or around 10% of its workforce, in part due to the increasing impact of AI on workforce and budgets. The company, which was valued at $2.6 billion as recently as 2021, said 30 of its workers were based at its Raleigh headquarters. CEO Todd Olson stated that the layoffs were not a reflection of the strength of the company's business but a reorganization to meet a moment of change. Pendo's clients include Morgan Stanley, United Airlines, and Salesforce.