WordPress to fire 16% of its employees

[Shawn Gossman]

Why We’re Making Changes​

We have reached an important crossroads. While our revenue continues to grow, Automattic operates in a highly competitive market, and technology is evolving at unprecedented levels. To support our customers and products, we must improve our productivity, profitability, and capacity to invest.

As difficult as this decision has been, we are restructuring the company to:

• Become more agile and responsive.
• Break down silos that have created inefficiencies.
• Focus on product quality, doing fewer things better.
• Ensure a viable financial model for long-term success.

Source/Full Article: Restructuring Announcement

I wonder if WPEngine's lawsuit has anything to do with it, too?

 

[Cpvr]

I believe the lawsuit might have something to do with it. I found a post by one of their staff members on Linkedin. The lawsuit is really hurting their bottomline.

I joined Automattic in 2021, and I’ve been privileged to work alongside… | Bohdan Kit | 16 comments

I joined Automattic in 2021, and I’ve been privileged to work alongside some of the most dedicated and talented professionals in the industry. Many of these folks have tackled the most demanding business challenges in tech. They were building products for hundreds of millions of users, pushing...

www.linkedin.com