RALEIGH – More layoffs have swept across the Triangle and North Carolina, with Pendo layoffs affecting some workers in the region. The Raleigh-headquartered tech unicorn has laid off 45 positions across the company, a spokesperson confirmed to WRAL TechWire on Monday.
Less than half of those laid off by the company were based from the company’s Raleigh headquarters in downtown Raleigh that the company opened earlier this year, according to Pendo founder and CEO Todd Olson.
The layoffs were tracked on Layoffs.FYI last week.
In a statement sent to WRAL TechWire, Olson said that the layoffs primarily impacted the company’s people, sales and services, and marketing teams, with a small number of eliminated positions in product and in engineering.
“Although we continue to deliver strong topline growth, we had to adjust due to changes in the macroeconomic environment,” Olson told WRAL TechWire. “This follows a year in which we nearly doubled the number of employees. As a result, we have eliminated select over-resourced positions.”
As recently as February 2022, the company intended to hire 400 workers during the remaining months of the calendar year, WRAL TechWire previously reported. The company also sought to hire about 400 workers the previous year after adding 168 employees in 2020.
(Editor’s note: An earlier version of this story noted “few dozen” workers in Raleigh were affected by the company’s layoffs. That was incorrect; less than half of those laid off were based in the Raleigh headquarters location. The headline and the story has been updated.)
Not just Pendo layoffs – company making other changes, too
Olson also noted that the company’s leadership team “made a number of other changes in recent months to prepare for and adapt to macroeconomic changes.”
That included the decision not to backfill roles that had been vacated, slowing down hiring, and restructuring existing company departments, among others, Olson’s note said.
Some employees were offered new roles due to changes, Olson said, but layoffs were a “next step we had to take to ensure we can continue to manage our expenses alongside our growth trajectory.”
The Raleigh-headquartered firm eliminated the roles on Wednesday, September 7, and then proceeded to be “announced internally right afterward,” a spokesperson told WRAL TechWire.
The company will offer each separated employee “extended severance, insurance coverage, and in-house networking assistance as we can to help them land their next opportunity,” the spokesperson said.
About half of Pendo’s more than 900 employees are based in the Raleigh office, according to the spokesperson.
Pendo will host its annual event, Pendomonium, this week.
Pendo sets lineup for its ‘Pendomonium’ event – in Raleigh & virtually
