Lattice’s CEO announced a layoff for 105 employees which means 15% workforce from their overall headcount.
CEO Jack Altman’s email to Lattice employees “Lattice I’m writing to you today to share news about a very difficult change we’re making at Lattice. We’re going to reorganize the company and part ways with around 15% of our teammates. It’s not lost on me that this is particularly hard as an HR software company whose mission is to make work meaningful. If you are one of the impacted Latticians, you’ll receive an email from me in a few minutes sharing more details and letting you know about the next steps. I am deeply sorry that you have been impacted as a result of this change. If you are not impacted, you will be receiving a separate email from me letting you know that you were not impacted.”
Fast forward a couple of years to 2023, and the economic picture has meaningfully changed. Many companies – our customers and prospective customers – are seeing their demand retract and they are slowing hiring and spending in all areas to preserve their cash and get to profitability.