Staff Reductions Escalate: San Francisco Tech Company Slashes Hundreds of Jobs
San Francisco tech startup Airtable has announced more layoffs.
Last December, the company laid off 254 employees, and this week, they announced another 237 workers will be cut.
Airtable is a cloud collaboration service headquartered in San Francisco. The business was founded in 2012 and reached unicorn status in 2018. By 2011, it was valued at $11 billion.
"Although this is the right decision for the business long-term, it doesn’t diminish the impact this has on an individual level. This was a difficult decision that I did not make lightly, and I take full responsibility...It’s a sickening feeling. I made the decisions that got us here, but it would be even worse to not make a change because if business continues on in this way, it would not be ideal for anyone––the employees, the investors, or the company." CEO Howie Liu
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