Airtable becomes most current business to reveal layoffs, cutting 20% of its labor force


Low-code platform Airtable has announced it would be laying off 254 workers throughout organization development, engineering and other groups, around 20%of its workforce.In an internal email first seen by the layoff tracker (which is developed on Airtable), Airtable founder and CEO Howie Liu stated the company will be progressing

from a” bottoms-up embraced product “to”bringing connected apps to large business.””We’ve quickly broadened and carried out on several fronts. At the time, I thought we could successfully pursue all of them in parallel,”Liu composed in the e-mail to employees.”However, in taking a hard take a look at our efforts in the present market environment, we’ve recognized the teams best placed to record the opportunity in enterprise in order to bring complete focus, alignment and accountability in our execution.”Along with the cuts to individual teams, Airtable’s chief earnings officer, chief people officer and primary product officer will also be leaving the business. TechCrunch reported that the affected staff members will get at least 16 weeks of severance pay, accelerated equity vesting and support from a migration counsel, if on a visa.Airtable, which provides software application that allows services to put together databases and spreadsheets on the cloud without using code, had a$735 million financing round in December in 2015 at$11-billion assessment,

bringing the company’s overall investment to $1.4 billion.The statement comes at the tail end of a year that has been blighted by task cuts all across the technology sector.

Twitter’s new CEO Elon Musk laid of around half the social networking platform’s personnel after taking ownership in November, while Meta revealed it would be cutting 11,000 tasks. Amazon on the other hand strategies to silently layoff 20,000 staff members. Considering that September 2022, HP, Cisco, Stripe, and Microsoft have all

revealed they would be laying off a minimum of 1,000 staff members each. Copyright © 2022 IDG Communications, Inc. Source

Leave a Reply

Your email address will not be published. Required fields are marked *