Tuesday, 1 March 2016

SurveyMonkey is laying off 100 employees to that it can 'course correct'

SurveyMonkey Bill Veghte Zander Lurie

Online polling company SurveyMonkey is laying off 100 employees or about 13% of its workforce, Re/code's Arik Hesseldahl reports, citing an internal memo from CEO Zander Lurie. 

The layoffs will primarily come from its enterprise sales team. Just last week, the company appointed new leadership for its SurveyMonkey for Business product, which works with companies that need polls for market research or customer feedback. 

"When you operate a healthy and profitable business, you have to quickly course correct when part of your strategy isn’t living up to expectations," Lurie writes of the cuts. "It’s painful to say goodbye to these colleagues, many of whom are friends. We will treat them with respect and provide generous severance packages."

The news comes after a particularly tumultuous year for the company. 

Lurie just became CEO in January, after his predecessor, Bill Veghte, left after less than six months due to "differences of opinion on strategy."

The company's previous CEO, David Goldberg, died unexpectedly in May

The layoffs also follow a growing pattern of Silicon Valley job cuts. Recent research by DataFox, showed that at least 18 tech companies went through layoffs last month

SurveyMonkey wasn't immediately available for comment. 

SEE ALSO: 'Grieving doesn't stop' – the new CEO of SurveyMonkey tells us what it's like following his predecessor who died in May

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