Namely laid off 110 employees, citing challenges faced by its SMB customers
Summary
Layoffs.fyi entry dated 05/11/2020 and updated 10/27/2020 on Namely, a maker of HR and payroll software in New York City and Atlanta. The entry lists 160 employees (40%) across all departments, but an update says Namely's CEO told Layoffs.fyi that 110 employees were laid off, not 160 as originally implied by TechCrunch. The page says Namely noted that its SMB customers have been downsizing because of the pandemic, which lowered revenue because Namely earns money in part through a per-employee monthly fee. It also links an opt-in list of nearly 100 laid-off employees.
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“Namely laid off 110 employees, citing challenges faced by its SMB customers.”
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-f61813cf7b/
, SHA-256 423a9b2c0cff6b927a81beac5a208215652bba9341ac3d2d3c6a55d4c1d03fee.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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