GoDaddy CEO Aman Bhutani lays off 8% of workforce

by IANS |

New Delhi, Feb 11 (IANS) Aman Bhutani, CEO of global web hosting platform GoDaddy, has announced to lay off 8 per cent of the workforce amid increasingly challenging macroeconomic conditions.

In an email to employees, Bhutani said that most impacted roles are in the US, affecting multiple levels in the company and every division.

"The planned impacts also include ongoing work to more deeply integrate three of our brands -- Media Temple, Main Street Hub and 123 Reg -- into GoDaddy," he wrote.

Impacted team members received a meeting invite from their leadership to learn the details of their transition, aligned with local employment processes.

"Media Temple customers and team members are already aware of the transition to GoDaddy infrastructure as we work to sunset the brand, and team members will receive a meeting invite today to explain the path forward for them," Bhutani informed.

Some roles in 123 Reg may not be required longer-term and "we will notify any impacted team members by March 1, 2023".

The company is offering the impacted employees a transition package, in line with local laws and customs.

In the US, this will include 12 weeks of paid administrative leave with continued core benefits coverage.

In addition, departing team members will be eligible for two additional weeks of severance per year worked (with a minimum of four weeks), extended healthcare benefits, as well as outplacement and immigration support to help with their transition, according to GoDaddy CEO.

In less than two months into the new year, more than 336 tech companies have laid off more than 1 lakh tech workers, according to layoffs.

Latest News
Gary Stead points out New Zealand losing Tests to England last year as missed chance for not defending WTC title Thu, Mar 23, 2023, 04:05 PM
China's smartwatch shipments fell by 9.3% in 2022: Report Thu, Mar 23, 2023, 03:53 PM
Now sync your air travel with Uber via email integration in India Thu, Mar 23, 2023, 03:52 PM
Aus zoo welcomes 1st southern white rhino calf born in decade Thu, Mar 23, 2023, 03:49 PM
Iranian, Saudi FMs hold phone talks, agree to meet soon Thu, Mar 23, 2023, 03:48 PM
Dhanbad: 4 dead, many injured as coal mine caves in during illegal mining Thu, Mar 23, 2023, 03:43 PM
Maha Congress protests against jail sentence for Rahul Thu, Mar 23, 2023, 03:41 PM
KCR announces Rs 10,000 per acre compensation for crop losses Thu, Mar 23, 2023, 03:40 PM
Vietnam aims to end malaria with more funding Thu, Mar 23, 2023, 03:13 PM
BJP MLA Vijender Gupta moves HC challenging his suspension from Delhi Assembly Thu, Mar 23, 2023, 03:01 PM
Govt afraid of Rahul Gandhi, conspiring to disqualify him from LS: Congress Thu, Mar 23, 2023, 02:41 PM
Honour killing in TN: CM assures Assembly of stringent action Thu, Mar 23, 2023, 02:36 PM
Imran claims another assassination plot Thu, Mar 23, 2023, 02:34 PM
Will appeal in higher court against Rahul's conviction: Kharge Thu, Mar 23, 2023, 01:36 PM
Viveka murder case: Telangana HC adjourns hearing on CBI plea Thu, Mar 23, 2023, 01:34 PM