GoDaddy announces layoffs
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.
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