BigCommerce Layoffs
November 2023
BigCommerce announced a layoff affecting 0 employees (7% of its workforce) in November 2023. The company operates in the Retail sector.
0
7%
Nov 8, 2023
About
BigCommerce, an eCommerce platform provider, announced a restructuring on November 8, 2023, resulting in layoffs affecting 7% of its workforce. This move is a response to persistent macroeconomic headwinds and tighter eCommerce order growth in 2023, which have impacted upgrades and partner revenue. The company aims to maintain growth and improve its go-to-market efficiency by reducing costs, with sales and marketing spending seeing the largest cuts. Operating in the competitive eCommerce software industry, BigCommerce reported quarterly revenue of $78 million and is focusing on lean operations to navigate the challenging environment into 2024.
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