💨 Abstract

Automattic, the company behind WordPress.com, Tumblr, and WooCommerce, announced a 16% workforce reduction affecting 270 employees across 90 countries. The layoffs are due to market competition and rapid tech evolution, with the aim to become more agile, break down silos, focus on product quality, and ensure long-term financial success.

Courtesy: techcrunch.com

Summarized by Einstein Beta 🤖