"ClickUp, a productivity platform that was last valued at $4B, cuts 10% of workforce", 4 July 2023

ClickUp, the software-as-a-service startup that offers a workforce productivity platform and counts storied investors Andreessen Horowitz and Tiger Global among its backers, has laid off 10% of its workforce. With a total headcount of about 900 employees, it represents approximately 90 people. The company says it looks to become more efficient and be better positioned for a public listing amid the ongoing slowdown in the market.

The San Diego-based startup notified some of its affected employees about layoffs last Thursday, TechCrunch learned and later confirmed through an email. Other employees who are also impacted by the job-cut decision will transition out over the next few months. People affected included those from the software engineering division as well as customer service and support teams.

Impacted employees will receive a severance package lasting 12 weeks, six months of insurance coverage and six months of access to the startup’s employee assistance program. In addition, the startup has allowed the laid-off employees to retain their laptops and equipment and has extended support to those on a visa.

In 2022, ClickUp laid off 7% of its staff as a part of its restructuring. At the time, as reported by Protocol, a ClickUp spokesperson described the move as a “one-time decision” to stay on track toward profitability.