8% of employees being let go in second round of layoffs since 2020.
GoDaddy announced yesterday that it’s letting go of about 8% of its employees.
CEO Aman Bhutani announced the layoffs in a notice to employees and impacted employees have already been notified.
GoDaddy joins many other tech companies that grew wildly during the pandemic that are now shedding a small percentage of jobs.
Somewhat unique to GoDaddy, though, is that it also laid off employees at the beginning of the pandemic. It let go of about 10% of employees when the economy shut down. Many of those were from its acquisition of Main Street Hub, a social media product that was sold to businesses that were no longer open.
In fact, some of the layoffs today are related to Main Street Hub and other acquisitions that created redundancies.
Like other tech companies letting go of employees, GoDaddy is offering a generous severance package. Impacted employees will receive three months of paid leave plus two weeks of severance per year worked, with a minimum of four weeks. In other words, all employees will be paid for at least the next 16 weeks.
Buys Dan for billions…. lays off 8% of staff.
Michael Scott says
GD paid $71.4M for Dan.com
So…billions of pennies then.
Maybe some of them will become domainers. With years of hard work they can be their own boss, support their family, have control over their time. Be proud, support the domain industry and all its employees with their sales and reg/renewals.
Until the big boys find out their leaving money on the table.
Greedy Verisign raises prices on your domains each year and gradually drinks your milkshake until there’s none left for you, only them.
Then 800-pound Godaddy strongarms 25% of your sales unless you agree to strike a Faustian bargain with them and send them all your business in return for a little discount, starving off all the other respectable industry participants in the process.
Then, don’t sleep at night because the sneaky IP interests are up scheming to abuse the UDRP system to steal the valuable generic assets you’ve worked hard and spent your life savings to acquire.
Yes domaining, it’s quite the life.
Mark Thorpe says
Monkey see Monkey do. Whole damn Tech sector laying off employees.
Stinky Todd says
AI will reduce the tech sector’s employee count by 80% within 8 years.