MarketingUS

Bizzabo Layoffs

July 2022

Bizzabo announced a layoff affecting 120 employees (30% of its workforce) in July 2022. The company operates in the Marketing sector.

People Affected

120

Percentage

30%

Announced Date

Jul 5, 2022

About

Event planning platform Bizzabo laid off 120 employees, representing nearly 30% of its 400-person workforce, in July 2022. The company cited market uncertainty and the need to prepare for an extended business downturn as reasons for the restructuring, aimed at improving profitability. This decision followed a period of rapid growth through acquisitions. Bizzabo, which had raised significant venture capital, provided enhanced severance and support services to the affected staff.