Israeli website building tools company Elementor has laid off 60 employees, representing 15% of its workforce, in response to an expected global economic slowdown marked by rising inflation and a pending recession. The layoffs, announced on June 15, 2022, primarily affect the marketing department, while engineering and development staff remain largely unaffected. This restructuring aims to enhance business efficiency and secure long-term growth, coming shortly after the company acquired startup Strattic and integrated its 16 employees. Elementor, which develops a popular WordPress plugin, had raised $50 million the previous year, bringing total funding to $66 million.
