DigitalOcean lays off 11 per cent of its staff

The layoff season doesn’t seem to be slowing down anytime soon with new companies announcing the slashing of employees every day. Now, DigitalOcean is gearing up to fire about 11 per cent or approximately 200 employees.

According to a report by The Register, about 100 employees were let go immediately. And another 100 will be kicked out soon. Social media sites, including LinkedIn, are already witnessing posts from fired employees.

"Our goal was to do this once so we would move forward towards business as usual again. Ongoing reductions are disruptive to the business and more importantly our employees, and we would like to minimise this as much as possible. There is no plan at this moment in time to conduct future reductions in force,” read a slide presented to employees at a meeting, according to the same report. 

The company has also conducted a management reorganisation. The Register claimed in its report that the biz aims to reduce reporting layers across geographically dispersed operations and simplify its footprint by focusing on a few global hubs, referred to as "Global Capability Centers."

The report also revealed that Carly Brantz, chief marketing officer for DigitalOcean will be departing on April 1, 2023, after three years with the company.