Rumor is 40% cut across whole company.
19 replies (most recent on top)
After some of the things I’ve heard them laying off someone on leave isn’t shocking. It seems like there was no logic in who was let go this round.
Almost as if they picked names out of a hat.
They even layoff people on medical leave
That's likey a lawsuit if they laid you off and are hiring for the same.
The most hurtful part of this is that while applying for other jobs I noticed they are hiring for the position I was released from and I was far out performing the given KPIs. It would be different if I was under performing, but that was not the case. I feel bad for anyone walking into that dumpster fire
Many technical resources at mid, higher level are leaving (or let go)...
Founder of the company and CEO since beginning, left (or let go) last year. It seems like new Execs do not have that passion in them for the company or the people.
To the one that said it isn’t true, IT IS TRUE!! I was personally impacted!
This is not fake. I was affected personally, and know many other tenured employees who were let go. Many of them were in key roles for actual product and customer support, so it really feels like the company is being spun down for some purpose.
You have former employees saying they were impacted and you comment it’s fake? What additional proof do you need
this looks too fake
Not surprised he lost creditable with the remaining staff. I would be shocked if many stayed after this.
Heard the CEO has lost all credibility with the employees. He even refused to share true figures on how many were laid off.
Tragic they did this to that many people right before the holidays….. but then again I’m not shocked. Hopefully they gave people some decent severance packages.
Company is not doing well for sure.. Lot of people got impacted including me.
I know many people that were affected by this, so 40% jives with what I’ve heard
I heard more like 50%. I know several people impacted by this.
This isnt true
I got impacted today 5 Dec 2024
Yikes where did you get the 40% from? That’s extremely high
40% seems pretty high unless they are looking to sell the company (and already have a buyer). In that case, the real deal might be to sell it without employees or only with the minimum number needed to ensure a successful transition."
In that case, the structure of the deal could significantly influence the final value. Some buyers prefer acquiring companies without employees to reduce costs or potential liabilities. Alternatively, a transition period with minimal staff may be necessary for smooth integration.
Any thoughts?