With Quarterly Results Due In One Week… Perhaps The 7% Layoffs Are In Prep For A Ring Central Buyout?

At least… that’s the speculation of one other (albeit off the record) source in the space.

A supposed customer / partner of 8×8, is the way this trade source has positioned the information / interview it scored.

Here’s that bit for what it is worth:

…The partner said the layoffs may be coming as the company prepares itself for acquisition. Reports surfaced last year that cloud communications competitor RingCentral was evaluating a deal to buy 8×8. RingCentral, for its part, in November revealed that it was cutting its workforce by 10 percent in light of what the company called “an increasingly difficult macro environment….”

And we will be back next Wednesday — to dissect the quarterly financial disclosures (profit, or loss), and revised outlook from management.

Onward… smiling into a snow squall, still underway….