layoffsAutomattic Begins Layoffs, Affecting 1,397 Staff
Automattic's Layoffs and CEO's Private Slack Post
TL;DR
Automattic, parent company of WordPress.com and others, has initiated layoffs impacting 1,397 employees. The CEO's personal post about a departing exec's health condition raised concerns among staff.
Automattic, the parent company behind WordPress.com and WooCommerce, has started layoffs affecting 1,397 employees. The CEO's internal Slack post about a departing exec's health condition and COBRA insurance sparked controversy. The layoffs impact various teams, including communications, social, and VIP enterprise business. The company's interim CFO left earlier this month, and the CEO is seeking external candidates to fill the role. Automattic plans to spread out the layoffs over the coming months to improve Q4 revenue figures, with more cuts expected. The company's focus on PHP security issues and a debt renegotiation in June add to the uncertainty.
Key Points
Automattic, parent company of WordPress.com, WooCommerce, and others, initiates layoffs affecting 1,397 employees.
Keep reading — it's free
Enter your email to keep reading — plus the best of AI & tech, daily. Free, forever.
Already a member? Sign in
Comments
Be the first to comment