OtherUS

Bonterra Layoffs

January 2023

Bonterra announced a layoff affecting 140 employees (10% of its workforce) in January 2023. The company operates in the Other sector.

People Affected

140

Percentage

10%

Announced Date

Jan 13, 2023

About

Bonterra, a fundraising software company formed from the merger of Social Solutions, CyberGrants, EveryAction, and Network for Good, laid off 140 employees, representing 10% of its workforce, on January 13, 2023. The cuts, affecting all levels and legacy entities, were announced via email by new CEO Mark Layden, who cited a strategic restructuring to streamline operations after the company's growth to over 1,000 employees. The layoffs follow recent leadership changes and private equity-backed acquisitions, with the company aiming to reshape its business for future growth in the nonprofit technology sector.