Airtable published a memo just days ago about how laid-off workers can use Airtable to search for jobs. “It’s been an unwelcome theme of 2022—layoffs,” the post said. “Each season seems to usher in a new wave of cuts. Meanwhile corporations cite similar concerns of rising inflation, the looming threat of an economic downturn and the need for stability during turbulent times. For the souls who lost their jobs this year it’s another cruel uncertainty they’ll have to surmount.”
Now, Airtable’s employees are facing the same feeling. Last valued at $11 billion, the no-code leader has conducted a round of layoffs today that impact around 254 employees across business development, engineering and other teams. The company appears to have been hiring just as recently as two weeks ago, and it’s unclear if today’s cuts come alongside a hiring freeze.
Those impacted by Airtable’s layoffs today will get at least 16 weeks of severance pay, accelerated equity vesting, and for those on a visa, support from an immigration counsel, sources say. Employees were given the opportunity to meet 1:1 with a leader at the company, following the news. If Airtable’s previous headcount goal was hit, this round of layoffs could have impacted a quarter of staff, if not more.