Formstack, a software company specializing in form and workflow automation, has conducted a layoff affecting an unspecified number of employees as part of a restructuring plan. The decision, announced by CEO Chris Byers, aims to streamline internal processes and simplify the operating model to ensure long-term growth and profitability. While the exact number of impacted employees and the percentage of the workforce were not disclosed, the company emphasized its commitment to supporting the departing staff by creating an alumni directory to help them find new opportunities. This move is positioned as a strategic adjustment to navigate economic challenges while maintaining a 17-year strategy of debt-free, profitable growth. The layoffs occurred in the context of a broader effort to continue delivering innovation and a strong customer experience.
