GoDaddy has joined the trend of layoffs and announced that it will cut 8 percent of its current workforce, affecting over 500 employees. On February 8, 2023, CEO Aman Bhutani informed the staff of the decision through an internal email, stating that the layoffs were due to the increasingly difficult macroeconomic circumstances.
According to an internal email sent by GoDaddy CEO Aman Bhutani, employees who are impacted by the layoffs were to receive a meeting invitation from their leadership within an hour of the announcement, to learn the specifics of their transition process, in compliance with local regulations.
This reduction in workforce will affect employees mainly in the United States across various levels and departments of the company, which is headquartered in Tempe and provides internet domain registration and web hosting services.
Bhutani stated that the layoffs will aid in the integration of three GoDaddy brands—Main Street Hub, Main Temple, and 123 Reg—into the company. Affected employees are being offered a transition package that is consistent with local standards.
In the US, employees who are being let go will receive 12 weeks of paid administrative leave with continued core benefit coverage, eligibility for two additional weeks of severance pay for each year worked (with a minimum of four weeks), extended healthcare benefits, and support for both outplacement and immigration.
