Glassdoor sacks 300 employees, executives take a pay cut amidst crisis

The CEO of the Company will be taking only half his salary for the rest of the year.

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Glassdoor, a platform to evaluate employees’ reviews on various employers and their experiences with various organisations, is now itself in a tight spot to lay off 30 per cent of its employees in response to the impact of the coronavirus pandemic.

As per a report, most of the employees sacked by the job search giant are from its second largest office located in Chicago, while 81 workers are in Marin. The exact strength of the workforce after downsizing  is yet to be revealed.

Expressing grief over the unfortunate incident, Christian Sutherland-Wong, CEO, Glassdoor sent a memo to the employees, wherein he states, “Words cannot describe how sad I am that we find ourselves in this position. It truly breaks my heart to say goodbye to such a talented group of people for reasons that are outside of their control.”

Not only the executives of the Company taking a pay cut, Sutherland-Wong himself will be taking only half is pay for the rest of the year.

The laid-off employees will get a minimum of three months’ pay, and their health care costs will be covered for the rest of the year. They will also be allowed to keep their official laptops to help with their job search.

As part of cost-cutting measures, the job search giant has slowed down hiring and reduced programme costs.

“Our rapid response teams continue to work with employers across the state who have been impacted by the COVID-19 crisis with a goal of developing a plan to meet the needs of all workers who have been laid off or furloughed so that they can rejoin the Illinois workforce”, the Company stated.

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