Klaviyo, e-commerce TechCrunch learned from a number of sources that the company has laid off 140 staff across all teams, including engineering and design.
Lacy Berrien, Klaviyo’s director of public relations, confirmed the job cuts in an email, adding that it is “focused on supporting retired Klaviyo who have made meaningful contributions to the company.” Using published figures for Klaviyo’s staff size, layoffs affected about 10% of staff. TechCrunch has obtained the following letter from management sent to affected employees:After careful consideration, we have made the difficult decision to reduce our overall headcount in order to reduce redundancy and realign Klaviyo’s investment areas for the future. “
Unfortunately, Klaviyo joins a long list of tech companies laying off mass workers in 2023.
TechCrunch Extensive profiling The history of Boston-based business growth and the goal of rebuilding owned marketing outside of the pandemic. The core of this business is using email his triggers, product recommendations, and predictive analytics to help other businesses better capture their customers’ cash. To date, it has over 100,000 users, including Unilever and Living Proof. The venture last received his $100 million strategic investment from Shopify, according to SEC filings.A few months later, the business scooped up and made its first-ever acquisition Napkin.io is a tool that gives developers a more seamless way to deploy code from the browser.
Today, however, the distinct image of growth is being challenged, or at least put in a new context. It’s unclear if the company will freeze hiring. We still have 65 job openings on its career page.
If you have any useful tips or clues about what’s going on in the venture world, you can reach out to Natasha Mascarenhas on Twitter @nmasc_ or Signal (+1 925 271 0912). Anonymous requests will be honored.
