Notetaking app Evernote announced on Wednesday the layoff of 47 employees, as well as the closure of three of its global offices. The news came in a note from CEO Chris O'Neill posted on the Evernote website.
"We are grateful for the immense contributions of each and every affected person," he wrote. "I believe that a smaller, more focused team today will set us up for growth and expansion tomorrow."
O'Neill has led the company as CEO for two months. The privately-held company, based in California and founded in 2007, has about 400 employees. The company claims it reaches more than 100 million users worldwide.