ServiceNow cut hundreds of jobs to streamline operations. One staffer called it a 'very tough day.'

Bill McDermott, chief executive of ServiceNow Bloomberg/Getty Images ServiceNow cuts jobs, reflecting broader challenges in the software sector. CEO Bill McDermott has urged staff to make workflows more efficient as a model for customers. ServiceNow has made several large acquisitions this year. ServiceNow has been cutting several hundred jobs as part of a global restructuring, the latest sign of pressure on the software industry. A ServiceNow spokesperson said a "low single-digit" percenta...