JumpCloud company announced a 100 employees layoff which means around 12% workforce from their overall employees.
The JumpCloud Company says “Today I’m sharing one of the toughest things I have had to communicate in JumpCloud history. I’ve made the difficult decision to restructure our business. As a result, we eliminated roughly 100 JumpCloud positions (approximately 12% of our total workforce) and said goodbye to colleagues, friends, and members of the JumpCloudian family. I want to share the email I sent to the company, and provide a bit more context.”
All – after a lot of deliberation and thought for the health of the business, I’ve decided that we need to restructure the company. As part of the restructuring, we’ll be parting ways with roughly 100 of our colleagues today or about 12 to 13% of our total team including contractors. This is one of the hardest decisions I’ve had to make and, frankly, it’s just not a path I’ve ever wanted to go down. We’ll spend today focused on those that are losing their jobs and tomorrow, we will hold another All Hands to answer questions and discuss more details about the restructured organization.