Home / News

GoDaddy Laying Off 8% of Its Workforce Amid Uncertain Macroeconomic Environment

Protect your privacy:  Get NordVPN  [73% off 2-year plans, 3 extra months]

GoDaddy has announced a plan to reduce its global team size by 8%. The move will affect multiple levels in the company, as well as its three brands—Media Temple, Main Street Hub, and 123 Reg.

“Despite increasingly challenging macroeconomic conditions, we made progress on our 2022 strategic initiatives and continued our efforts to manage costs effectively,” said GoDaddy CEO Aman Bhutani in today’s announcement. “The discipline we embraced was important but, unfortunately, it was not sufficient to avoid the impacts of slower growth in a prolonged, uncertain macroeconomic environment.”

What’s next: Impacted team members have already been invited to a meeting to learn more about the transition process. GoDaddy is providing a transition package to departing team members, which includes 12 weeks of paid administrative leave and two additional weeks of severance per year worked. GoDaddy’s CEO expressed his gratitude to impacted team members, saying they played an important role in the company’s journey. The company will provide more details on the transition in its Town Hall tomorrow.

By CircleID Reporter

CircleID’s internal staff reporting on news tips and developing stories. Do you have information the professional Internet community should be aware of? Contact us.

Visit Page

Filed Under

Comments

Comment Title:

  Notify me of follow-up comments

We encourage you to post comments and engage in discussions that advance this post through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can report it using the link at the end of each comment. Views expressed in the comments do not represent those of CircleID. For more information on our comment policy, see Codes of Conduct.

CircleID Newsletter The Weekly Wrap

More and more professionals are choosing to publish critical posts on CircleID from all corners of the Internet industry. If you find it hard to keep up daily, consider subscribing to our weekly digest. We will provide you a convenient summary report once a week sent directly to your inbox. It's a quick and easy read.

Related

Topics

New TLDs

Sponsored byRadix

Threat Intelligence

Sponsored byWhoisXML API

Domain Names

Sponsored byVerisign

IPv4 Markets

Sponsored byIPv4.Global

Brand Protection

Sponsored byCSC

DNS

Sponsored byDNIB.com

Cybersecurity

Sponsored byVerisign