Factory Fires Advisor Chris Degnan Alleging Cognition Leaks, Two Hours Later He's Named Cognition's CRO

Factory CEO Matan Grinberg said Wednesday he fired board advisor and former Snowflake CRO Chris Degnan for allegedly sharing confidential product information with rival Cognition while sitting on Factory's board. Two hours later, Degnan announced he was joining Cognition as Chief Revenue Officer. Degnan says he resigned rather than being fired, and Cognition CEO Scott Wu denies receiving any Factory information.