Bizzabo

Bizzabo, an event planning platform, is laying off 100 employees, which represents nearly 40% of its remaining workforce of 270. This marks the second major round of cuts in five months, following the dismissal of 120 staff in July, meaning the company has reduced its team by more than half since mid-2022. The layoffs, announced in December 2022, are part of a strategic organizational change aimed at achieving profitability amid ongoing financial uncertainty in the tech industry. Bizzabo, which had raised significant venture funding and expanded through acquisitions, is streamlining operations to reduce expenses.

Event planning platform Bizzabo laid off 120 employees, representing nearly 30% of its 400-person workforce, in July 2022. The company cited market uncertainty and the need to prepare for an extended business downturn as reasons for the restructuring, aimed at improving profitability. This decision followed a period of rapid growth through acquisitions. Bizzabo, which had raised significant venture capital, provided enhanced severance and support services to the affected staff.