Lokalise, a localization and translation software company, announced a significant workforce reduction on November 16, 2022. The company laid off 76 employees, representing 23% of its team. This decision was driven by a combination of a slowing global economy, which led to reduced customer spending, and internal strategic missteps. The founders acknowledged they had hired too rapidly, integrating 200 new members unsustainably, and pursued too many initiatives at once, losing operational focus. While most departments were affected, the Operations, Sales, and Marketing teams saw the deepest cuts, with Product and Engineering being least impacted to maintain development priorities.
