GoDaddy

On February 8, 2023, GoDaddy announced it would lay off approximately 530 employees, representing 8% of its global workforce of about 6,611. The web hosting and domain registration company cited a decline in customer demand amid a global economic slowdown as the reason for the cuts. Affected employees were offered transition packages, extended healthcare benefits, and, in the U.S., 12 weeks of paid administrative leave. This move was part of a broader wave of layoffs across the technology sector in early 2023, as companies adjusted to shifting market conditions.

GoDaddy, a major domain registrar and web services company, is laying off 814 employees, which represents approximately 10% of its workforce. This restructuring, announced in mid-2020, is primarily due to significant challenges with its outbound sales and GoDaddy Social product, as the COVID-19 pandemic severely impacted many of the small business clients who use these services. The layoffs heavily affect teams in Austin, where offices are closing, and include 331 sales employees from the social division, along with reductions in fulfillment and customer success teams. While many affected employees are being offered new roles or relocation, the company is providing substantial severance packages. The move is part of a broader business shift amid the pandemic's economic fallout.