Thursday, September 28, 2023

Airtable, with No-Code Software Valued USD 11 Billion, Fires Over 250 Employees

By ET Bureau - December 09, 2022 1 Mins Read


No-code platform Airtable, which was last valued at USD 11 billion, has announced a round of layoffs that will affect about 254 employees from its business development, engineering, and other teams.

A spokesperson for the company claims that Airtable is still filling “strategic important” positions, and that 20% of the staff was affected. According to sources, those affected by Airtable’s layoffs will receive accelerated equity vesting, 16 weeks of severance pay, and, if they are on a visa, support from an immigration attorney.

Also Read: Factors to Ensure Data-Driven Business Operations

Howie Liu, the founder and CEO of Airtable, explained the company’s evolution from a bottom-up adopted product to a company that provides connected apps to larger enterprises in an email first obtained by layoff tracker

Read More: Airtable, last valued at $11 billion for its no-code software, lays off over 250

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