GoDaddy layoffs, more than 500 workers to be affected

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

The layoff wave claimed yet another victim this week, with GoDaddy making more than 500 employees redundant. The domain registrar and web hosting company cited ‘increasingly challenging macroeconomic conditions’ for laying off 8% of the global team.

The update was shared via an email by CEO Aman Bhutani on Thursday.

“Within the next hour, impacted team members will receive a meeting invite from their leadership to learn the details of their transition, aligned with local employment processes," he wrote on February 8.

The domain registrar and web hosting company cited ‘increasingly challenging macroeconomic conditions’ for laying off 8% of the global team. The update was shared via an email by CEO Aman Bhutani on Thursday.

The move affected around 530 staffers - mostly in the US - spanning multiple levels in the company and every division. The company has around 6,600 employees across the world.

"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 move, which affects employees mostly in the United States, spans multiple levels and every division of the Tempe-headquartered internet domain registrar and web hosting company.

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

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.

Tens of thousands of workers have been laid off in recent months as an ever-growing list of companies initiates workforce reduction and cost-cutting measures.

Earlier this week, video conferencing platform Zoom announced plans to lay off around 1300 people as part of a 15% workforce reduction.

According to a Reuters report, SoftBank Group Corp's chip technology firm Arm Ltd's China joint venture has laid off 90-95 employees last week to cope with a challenging business outlook this year.

The layoffs come as SoftBank tries to set up a public listing for Arm this year, with most of the affected employees being engineers in research and development.

Meanwhile, Boeing said it expects to cut about 2,000 corporate jobs, while Dell Technologies is reportedly planning to eliminate around 6,650 positions.

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