
Cutting costs to shorten the company’s timeline for profitability, he said, was essential to appease investors and possibly sell shares to the public in a few years. “We have to be aligned with what the public markets want,” Mr. Garg said.Eightfold, Mr. Garg insisted, still has a bright future, with good customers and plenty of money in the bank. By reducing expenses, the payroll cuts, Mr. Garg said, “bought us time and freedom” to build a business that is both sizable and profitable.Though more slowly, Eightfold is still growing. New customers include Morgan Stanley, Starbucks, Chevron and Bayer, and more than 100 companies use Eightfold’s software. That, Mr. Garg said, “gives me confidenc …