Evernote: Unicorn Company

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Evernote made an exceptional growth three years before by entering in the “Unicorn” companies. It is now pulling back on its back. It is cutting 13% of its staff and also closing its offices Taiwan, Singapore and Moscow. It was followed by the regignation of co-founder and CEO Phil Libin and was replaced by Chris O’Neill. They are advocating by lay off by spporting the fact that a smaller, more focused team will help more to set up for growth and expansion. They are promising to launch major foundational product improvements around the core features that will be cared by the customers and achieve their mission. The case of Evernote could be a lesson for other unicorns. Similarly, Fab.com and Gilt Groupe made rounds of layoffs. Evernote is