WordPress creator Automattic lays off 16pc of its workforce
- Automattic, known for WordPress, began laying off 16% of its global workforce on Wednesday.
- The company initiated these layoffs after a year marked by a legal dispute and a need for restructuring.
- This action affected employees across 90 countries and reduced the staff from 1,744 to approximately 1,495.
- CEO Matt Mullenweg stated the layoffs will improve productivity, profitability, and investment capacity.
- Automattic aims to streamline operations and enhance agility, ensuring long-term financial viability.
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