Automattic Initiates Layoffs Amid Executive Departures and Board Turmoil
Automattic, the parent company of WordPress.com and WooCommerce, has begun a series of layoffs impacting its communications, social, marketing, product, and VIP enterprise teams. These workforce reductions follow significant internal instability, including a failed attempt by the board to remove CEO Matt Mullenweg in September, which resulted in a complete turnover of the board and the departure of several key executives, including the CFO and Chief Legal Officer. The layoffs are reportedly being phased over several months as the company seeks to bolster Q4 revenue figures ahead of a critical debt renegotiation scheduled for June. Internal morale has been further strained by reports of controversial leadership communications from Mullenweg regarding departing staff members.
Topics: corporate governance executive departures layoffs leadership turmoil
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Part of the story Automattic Reports Staff Reductions Across Key Business Units (2 articles)