Low-code software application company Airtable announced its 2nd round of job cuts in nine months, laying off around 237 people, or roughly 27% of the company.The cuts are part of a plan to focus the company on winning large business customers and getting spending under control, CEO Howie Liu told Forbes, which initially reported the layoffs. They follow task cuts made by the company in December 2022 that saw 254 individuals laid off.Airtable will
be cash-flow favorable after this round of layoffs, Liu reportedly stated, including that the cuts were the outcome of a slump in organization following a period of hypergrowth experienced by the company throughout the pandemic.
The Airtable app is a cloud-based relational database that appears like a spreadhseet and can be used by nontechnical workers to examine data in addition to strategy and work together on projects.Airtable presently
has six workplaces around the world and the cuts will be companywide, with the biggest layoffs striking item and sales teams. Airtable has not yet reacted to an ask for comment.Layoffs have actually pestered the tech sector in 2023 The start of 2023
saw an excessive spell of job cuts in the tech sector with some business– such as Amazon, Google, Meta, and Microsoft– laying off 10s of countless staff members or experiencing multiple rounds of cuts. Although things have somewhat plateaued in the 2nd half of the year, Google’s parent business Alphabet released numerous employees from its recruiting team today, having currently laid off 12,000 workers in January of this year.Elsewhere, the surge of generative AI in the enterprise looks set to supply
some task chances at business that had previously shed a percentage of their workforce. Having actually laid off 8,000 workers in January, Salesforce announced today that it is now planning to work with around 3,300 employees, consisting of rehiring a few of the business’s former employees. The newly hired workers will be split in between sales, engineering, and the team managing the advancement of its Data Cloud. The plan includes rehiring. Copyright © 2023 IDG Communications, Inc. Source
