Israeli company Elementor, which develops plug-in for WordPress for designing websites, has begun laying off 60 employees, representing 15% of its work force, in response to the expected slowdown in global markets.
Most of the layoff will be in the company’s marketing department and will apparently not effect engineers and development staff.
Elementor cofounder and CEO Yoni Luksenberg says, “Today, we make the difficult decision to say goodbye to some of our colleagues. We are in a changing global situation with rising inflation and pending recession. To ensirte the efficiency and effectiveness of our business, we are restructuring and optimizing our workforce, becoming more efficient in certain areas and continuing to grow our product offering, to secure the company’s long-term success, growth and business-goals as we plan for 2023 and beyond.”