Big data startup MapR is on the verge of closing its Silicon Valley headquarters and cut around 122 jobs. MapR is a startup and this is a big strategic move for them. The company is calling it a strategic transaction and is still hoping and trying hard to keep the facility and also some employees. MapR is receiving help from interested firms with letters of intent. Companies are also offering help for saving MapR in case a situation arises where they will have to give up on their office and employees. MapR has so far raised USD 300 million as funds but it still seems to be struggling for survival.
MapR has been planning to cut off 122 jobs. It was also classified as closure permanent. MapR was one of first few companies to work on cloud platform and provide technical solutions to companies. It was founded in 2009 and uses artificial intelligence and big data analytics tools for serve their customers.
MapR is trying to move towards a better business model but the transition has affected their overall sales and other sales related positions this year. They are also planning to increase their cost efficiencies and acquire additional funding for repositioning and aligning the company to their future goals. Also, the letters of intent it is receiving is giving them some hope to still save their facility in Santa Clara.