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Namely laid off 110 employees (Layoffs.fyi, May 11, 2020)

Summary

A Layoffs.fyi entry dated 05/11/2020 reports that Namely, a maker of HR and payroll software, laid off 110 employees. It carries an update stating that Namely's CEO told Layoffs.fyi that 110 employees were laid off, not 160 as originally implied by TechCrunch. It states that the company noted its SMB customers have been downsizing because of the pandemic, which has led to lower revenue for Namely, which makes money in part through a per-employee monthly fee. The entry lists Namely in New York City and Atlanta.

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Cited in: How 41 Companies Handled Pandemic Layoffs · Namely

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“Namely laid off 110 employees (Layoffs.fyi, May 11, 2020).” Original at layoffs.fyi. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/namely-laid-off-160-employees-citing-challenges-faced-by-its-smb-custo-29f4bf50c6/, SHA-256 cc860582b4233e9d3486214fc8d62913f46f733084a7c5e340c5c35f89c4220e.

Full text

Namely laid off 110 employees, citing challenges faced by its SMB customers

05/11/2020 10/27/2020 Layoff list Atlanta , HR , Namely , New York City

🌎 New York City, Atlanta ∙ 👩 160 employees (40%) ∙ 🖥 All departments

UPDATE: Namely’s CEO tells Layoffs.fyi that 110 employees were laid off, not 160 as originally implied by TechCrunch.

A maker of HR and payroll software, Namely laid off 110 employees earlier this month. The company noted that its SMB customers have been downsizing as a result of the pandemic. This has led to lower revenue for Namely, which makes money in part via a per-employee monthly fee.

If you’re recruiting in NYC or Atlanta, see link below 👇for an opt-in list of nearly 100 employees laid off across Namely’s brokerage, client operations, go to market, and product/engineering teams.

View list of employees laid off ->

Our live Layoffs Tracker has a real-time report of all startups that have done layoffs.

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