Culture Amp Layoffs
May 2020
Culture Amp announced a layoff affecting 36 employees (8% of its workforce) in May 2020. The company operates in the HR sector.
36
8%
May 28, 2020
About
Culture Amp, an Australian employee engagement survey startup valued at $1.04 billion, has laid off 36 employees, representing 8% of its global workforce of 446. The company, which serves around 3,000 customers worldwide, cited the economic impact of the coronavirus pandemic, which halved its growth rate. CEO Didier Elzinga explained that despite holding off initially, the prolonged downturn necessitated adjusting the company's size to ensure sustainability. While not directly eligible for government support due to a limited revenue drop in Australia, Culture Amp faced significant challenges in international markets. The layoffs reflect a broader industry trend as tech companies navigate a slow recovery, though the firm remains optimistic about the long-term importance of its culture-focused services.
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