Popular web hosting company GoDaddy CEO Aman Bhutani announced that it is laying off 8% of its global teams.
The planned impacts include ongoing work to integrate three of its brands more deeply: Media Temple, Main Street Hub, and 123 Reg.
The departing members will be eligible for 12 weeks of paid administrative leave, two additional weeks of severance per year worked, extended healthcare benefits, and more.
Similar to the biggest global tech companies, GoDaddy also announced job cuts. Aman Bhutani, CEO of GoDaddy, via email announced it. According to the announcement, the size of the company’s global team will be reduced by approximately 8%. Although the company didn’t share the exact number, considering the size of its global team, around 6,600 people, over 500 hundred employees are losing their jobs.
8% of its global team
According to the mail, the impacted team members will be contacted shortly to learn the details, aligned with local employment processes. The meetings are expected to be finished by the morning of the 9th of February. Most impacted roles are based in the U.S., affecting multiple levels in the company and every division.
The planned impacts also include ongoing work to more deeply integrate three brands:
Media Temple customers and team members are already aware of the transition to GoDaddy infrastructure as we work to sunset the brand. Team members will receive a meeting invite today to explain their path forward.
Main Street Hub customers and team members are aware of the continuing transition of Main Street Hub customers to GoDaddy products. As we continue the migration, we will share updates with team members by March 1, 2023.
123 Reg will continue as a customer-facing brand and take full advantage of what GoDaddy offers regarding technology and capabilities. 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 stated that it will offer a transition package, in line with local laws and customs for the impacted roles. The package includes 12 weeks of paid administrative leave with continued core benefits coverage. Team members leaving the company will also be eligible for two additional weeks of severance per year worked extended healthcare benefits, as well as outplacement and immigration support to help with their transition.
Aman Bhutani, CEO of GoDaddy said,
Aman Bhutani, CEO of GoDaddy
« To start, I want to express my gratitude to those who will be leaving. You played an important part in our journey and helped entrepreneurs around the world achieve their dreams and build successful microbusinesses. Every day, you made a difference for customers and your teammates. While our paths diverge today, I wish you well and hope our paths cross again.
During the last year, we worked hard to deliver value for our customers and results for GoDaddy. Despite increasingly challenging macroeconomic conditions, we made progress on our 2022 strategic initiatives and continued our efforts to manage costs effectively. 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. »
