Amplitude, a software company based in the United States, has laid off 13% of its workforce, or 99 employees, due to difficult macroeconomic conditions. “On behalf of the co-founders and myself, I’d like to share the most difficult decision we’ve had to make since founding Amplitude over ten years ago. We are currently reducing the size of our global team by 13% “Spenser Skates, CEO and Co-Founder, wrote about it in a blog post.
Unfortunately, we are not immune to the challenges that our customers face, or to the macroeconomic environment in general. After weighing our options, it was clear that we needed to take these steps in order to scale for the future, stay on track to profitability, and ultimately deliver on our long-term vision, he added.
The company stated that the majority of the 99 employees impacted are in the GTM organization, with the balance coming from product development, the CFO organization, and the people & places team.
According to Amplitude’s website, the software company employs over 700 people and has offices in the United States, Europe, and Asia. According to the severance package, the company will pay at least 16 weeks of salary in the United States, and international employees will remain on the payroll until June 15, with a severance package consistent with regional best practices.
Thoughtworks, a software consulting firm, announced last month that it would lay off nearly 500 employees, or 4% of its global workforce, in order to cut costs amid global macroeconomic conditions. Thoughtworks, which is traded on the Nasdaq, employs over 12,500 people in 18 countries. The company is also well-known in India.