Airtable, last valued at $11 billion for its no-code software, lays off over 250
Summary
Last valued at $11 billion, the no-code leader has conducted a round of layoffs today that impact around 254 employees across business development, engineering and other teams. Those impacted by Airtable’s layoffs today will get at least 16 weeks of severance pay, accelerated equity vesting and, for those on a visa, support from an immigration counsel, sources say. “However, in taking a hard look at our efforts in the current market environment, we’ve identified the teams best positioned to capture the opportunity in enterprise in order to bring complete focus, alignment and accountability in our execution.” The vision was part of the reason that TechCrunch spoke to Liu in October, as Airtable announced its more integrated, connected-apps approach. This entire year was full of tech layoffs, but the final quarter has been especially massive as macroeconomic pressure reaches late-stage private companies. Elon Musk cut around 50% of Twitter’s workforce after he bought the social media platform, one of the largest layoffs percentage-wise that has happened since the beginning of the pandemic.
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