On October 26, 2022, GoFundMe, a crowdfunding platform, announced a restructuring that resulted in laying off 94 employees, representing approximately 12% of its workforce. CEO Tim Cadogan cited a challenging macroeconomic environment, including inflation-driven budget constraints that led to a decline in donations, as the primary reason. The company is refocusing on its core business and scaling back longer-term investments. Affected U.S. employees received a minimum of 13 weeks' salary, extended stock option exercise periods, and healthcare support through April 2023.
