Low-code software program firm Airtable introduced its second spherical of job cuts in 9 months, shedding round 237 folks, or roughly 27% of the corporate.
The cuts are a part of a plan to focus the corporate on successful massive enterprise purchasers and getting spending underneath management, CEO Howie Liu advised Forbes, which first reported the layoffs. They observe job cuts made by the corporate in December 2022 that noticed 254 folks laid off.
Airtable can be cash-flow constructive after this spherical of layoffs, Liu reportedly mentioned, including that the cuts had been the results of a downturn in enterprise following a interval of hypergrowth skilled by the corporate through the pandemic.
The Airtable app is a cloud-based relational database that appears like a spreadhseet and can be utilized by nontechnical employees to investigate information in addition to plan and collaborate on tasks.
Airtable presently has six workplaces throughout the globe and the cuts can be companywide, with the biggest layoffs hitting product and gross sales groups. Airtable has not but responded to a request for remark.
Layoffs have plagued the tech sector in 2023
The beginning of 2023 noticed a dizzying spell of job cuts within the tech sector with some firms — reminiscent of Amazon, Google, Meta, and Microsoft — shedding tens of 1000’s of staff or experiencing a number of rounds of cuts.
Though issues have considerably plateaued within the second half of the yr, Google’s mum or dad firm Alphabet let go of a whole lot of staff from its recruiting workforce this week, having already laid off 12,000 staff in January of this yr.
Elsewhere, the explosion of generative AI within the enterprise seems set to supply some job alternatives at firms that had beforehand shed a share of their workforce. Having laid off 8,000 staff in January, Salesforce introduced this week that it’s now planning to rent round 3,300 employees, together with rehiring a number of the firm’s former staff. The newly recruited employees can be break up between gross sales, engineering, and the workforce dealing with the event of its Knowledge Cloud. The plan consists of rehiring.
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