APRIL 7, 2023
Layoffs 2023: Amplitude, an American public company that develops digital analytics software, has laid off 99 employees, which accounts for 13 per cent of its workforce, amid tough macroeconomic environment.
Amplitude co-founders Spenser Skates, Curtis Liu, and Jeffrey Wang sent an email announcing the decision to reduce the company’s global team by 13 per cent on the morning of April 5.
“On behalf of myself and the co-founders, I want to share the most difficult decision we’ve had to make since starting Amplitude over ten years ago. Today, we are reducing the size of our global team by 13%,” CEO and Co-founder of Amplitude, Spenser Skates said in an e-mail to his team.
Amplitude layoffs – Which teams will be affected?
Of the 99 roles in total, the majority of those impacted are in the GTM organization, with the balance coming from product development, the CFO organization, and the people and places team, informed the CEO in the e-mail.
“The impacted employees received an email from me about 15 minutes ago, and they’re being invited to 1:1 meetings to discuss the transition. For those working in North America, today (April 5) will be their last day. In EMEA and APJ, it will be tomorrow (April 6),” Skates added.
“To those of you who are impacted, we are sorry. The responsibility for everything leading us here is fully on myself, Curtis, and Jeffrey,” said while showing his sympathy to the impacted employees.
Amplitude layoffs – Why the job cuts?
The CEO further said: “Unfortunately, we are not immune to the headwinds being faced by our customers or to the macroeconomic environment at large. After evaluating multiple options, it was clear we needed to take these steps to enable us to scale for the future, continue on our path to profitability, and ultimately deliver on our long-term vision.”
Spenser Skates also announced compensation for the laid-off employees which includes severance package, healthcare benefits, stock benefits, career support, IT equipment, and immigration support.
Final thoughts from Spenser, Curtis, and Jeffrey
“To those of you impacted our focus is on helping with your transition today. Please take advantage of the 1:1 meetings that are on your calendar, and reach out to Hypercare with any other questions,” said Spenser, Curtis, and Jeffrey.
“For everyone else, please support your colleagues today however you can. We’ll host a series of All Hands meetings tomorrow for EMEA, the US, and APJ so we can address your questions. Then we’ll reset and look to the future,” they added.
The software company has over 700 employees and counting, with offices in the US, Europe and Asia, according to Amplitude’s website.
Courtesy/Source: Time Now / PTI
