Social Sentinel Cuts 19 Jobs, While Maintaining Company Confidence of Future Growth
Thursday, October 31, 2019
Posted by: Jeff Couture
Social Sentinel cut 19 jobs on Tuesday, while maintaining the company is poised for future growth.
The company monitors public posts on social media for threatening content for about 4,000 schools across the country, according to CEO Gary Margolis.
In a statement, Social Sentinel said it is "downsizing" its overall staff by 19, with 12 of those employees working in the Vermont office on Pine Street and seven employees working remotely.
"As we reposition ourselves internally, we are scaling back our team in order to scale up," the company said.
Part of that repositioning, the statement said, is to focus on markets other than the education industry, which has been the company's "top priority."
"We believe that a focus on other markets will both create more opportunities for public safety and mental wellness support, and also help position Social Sentinel for future growth," the statement said.
Social Sentinel did not specify what those other markets are.
Margolis declined to provide the Free Press with revenue figures for Social Sentinel, but said the company had grown revenue by 140 percent over last year, as well as increasing bookings by 300 percent, and was poised to grow by a similar percentage this year, which begs the question of why the job cuts were necessary.
Read the fBurlington Free Press article by Dan D'Ambrosio