Is Prysm, Inc. Going to Close Facility in Carmel, Indiana and Lay Off 61?

Prysm, Inc.
iStock/saiyood

It’s not definitive, but it doesn’t look good for employees at Prysm, Inc.’s facility in Carmel, Indiana. The California-based technology company filed a precautionary Worker Adjustment and Retraining Notification (WARN) report with the Indiana Department of Workforce Development noting it might close its facility in Carmel. Doing so would impact 61 workers.

According to a spokesperson at Prysm, “This was a precautionary filing only and has been discussed with Prysm employees. Prysm is actively engaged in discussions with potential investors and partners to secure additional funding and no closures or personnel changes are planned at this time.”

The company said in its filing that it is in discussions with potential investors, but has not secured any commitments. If a closure does occur, it is expected to take place on January 21, 2018. The closure would be permanent and result in 61 layoffs.

Job titles impacted by the potential layoffs include sr. software engineers (six people), engineer software development (five), requirements engineer (three), and tier 1 product support engineers (three).

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The affected employees would not have bumping rights and are not represented by a union.

In its filing, Prysm did not provide any reason for the potential closure.

Prysm, Inc. is a software company based out of San Jose, California. It also has offices in Atlanta, Concord, Chicago, Dallas, Indianapolis, Los Angeles, New York, and San Francisco. Prysm has international offices in Bangalore, Beijing, Dubai, Frankfurt, Ghent, and London.

The privately held company designs software that combines applications, content, video conferencing, and the Internet where teams can create, edit, and share. Prysm provides digital workplace software for clients such as General Electric Company (NYSE:GE), Sprint Corp (NYSE:S), and Under Armour Inc (NYSE:UA).

 

Sources

Prysm WARN Report,” Indiana Department of Workforce Development, last accessed November 28, 2017.

Tech Company Mulls Carmel Facility Future,” Inside Indiana Business, November 28, 2017.

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