Domain registrar and web hosting company GoDaddy has announced layoffs of more than 500 employees, which is 8 percent of its global workforce. The company says that it has taken this decision due to the weak economic condition at the global level and the upcoming challenges.
GoDaddy layoff: Many big and small companies have announced layoffs in the year 2023 amid fears of recession. Now domain registrar and web hosting company GoDaddy has also joined this list. GoDaddy has announced layoffs of more than 500 employees, which is 8 percent of its global workforce. The company says that it has taken this decision due to the weak economic condition globally and the upcoming challenges. This information was shared by the company’s CEO Aman Bhutani through email.
530 employees will be employed
About 530 employees have been affected by this decision of the company. Its biggest impact was in America. The company has laid off in every division. Explain that around 6,600 employees work in this company worldwide. Bhutani said the move was intended to help improve the integration of the three brands — Media Temple, Main Street Hub, and 123 Reg — into GoDaddy.
The terminated employees are being offered a transition package as per local rules. Former employees in the US will be given 12 weeks of paid administrative leave with core benefits coverage. In addition, healthcare benefits, outplacement, and immigration support will be provided for at least four weeks.
Recently these companies also laid off
In recent months, thousands of employees have been laid off in companies around the world. Companies are continuously laying off amid fears of recession. Earlier this week, the video conferencing platform Zoom announced a 15% staff reduction. Under this, 1300 employees were fired. At the same time, American multinational company Boeing has also cut 2,000 corporate jobs.
Note: Many big and small companies have announced layoffs in the year 2023 amid fears of recession.
MORE FOR YOU
