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Automattic begins layoffs following board upheaval and executive departures
Summary by TechCrunch
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4 Articles
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BizToc
BizTocAutomattic begins layoffs following board upheaval and executive departures
Automattic has begun laying off employees across multiple teams, including WordPress.com and its enterprise business, following a board shakeup and a series of executive departures. Sources say more cuts could follow as the company looks to improve its finances.
·San Francisco, United States
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Automattic, matrix of WordPress.com, WooCommerce and Tumblr, began to lay off staff in several teams after months of turbulence directive. Internal persons cited by TechCrunch anticipate further cuts, which the company would distribute over the coming months while seeking to improve their revenues before a debt renegotiation scheduled for June, without the report needing the year.
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Total News Sources4
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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