One of the largest web hosting companies in the world, GoDaddy, has announced the layoff of 8% of its workforce, equivalent to about 530 workers in total. In an internal email shared by GoDaddy CEO Aman Bhutani with members of his team, he expresses his gratitude to those who will be leaving. Most of the affected positions are located in the United States and affect all organizational levels and divisions.
“Over the past year, we’ve worked hard to deliver value for our customers and results for GoDaddy,” said GoDaddy CEO Aman Bhutani. “Despite increasingly challenging macroeconomic conditions, we are advancing our 2022 strategic initiatives and continuing our efforts to manage costs effectively. The discipline we adopted was important but, unfortunately, it was not enough to avoid the impacts of slower growth in a prolonged and uncertain macroeconomic environment.
Last Wednesday, his leadership sent out a meeting invite to affected team members so they could learn the details of their transition, which would be in line with regional hiring procedures.
Media Temple, Main Street Hub, 123 Reg
Planned impacts would also include ongoing work to more deeply integrate three of GoDaddy’s separate brands into GoDaddy, namely Media Temple, Main Street Hub and 123 Reg.
Media Temple customers and team members are already aware of the move to GoDaddy’s infrastructure as the company retires the brand. Main Street Hub customers and team members are aware of the ongoing switch of Main Street Hub customers to GoDaddy products. By March 1, 2023, team members will receive updates as GoDaddy progresses with the migration. 123 Reg would continue as a customer-focused brand and would take full advantage of what GoDaddy offers in terms of technology and capabilities. GoDaddy will inform affected team members by March 1, 2023 if 123 Reg jobs may not be needed long term.
GoDaddy will offer those laid off a transfer package, in accordance with local laws and customs. This will include 12 weeks of paid administrative leave with continued basic benefits coverage in the United States. GoDaddy team members who leave will also qualify for extended healthcare benefits, relocation assistance, and immigration support to ease their transition, as well as an additional two weeks of severance pay for each year of employment (with a minimum of four weeks). weeks).
“I want to express my gratitude to those who will be leaving,” GoDaddy CEO Aman Bhutani said in his team’s message. “You played an important role in our journey and helped entrepreneurs from all over the world to achieve their dreams and create successful micro-businesses. Every day, he made a difference for clients and his teammates. While our paths diverge today, I wish them well and hope our paths cross again.”