Namely laid off 110 employees, citing challenges faced by its SMB customers

🌎 New York City, Atlanta βˆ™ πŸ‘© 160 employees (40%) βˆ™ πŸ–₯ All departments

UPDATE: Namely’s CEO tells that 110 employees were laid off, not 160 as originally implied by TechCrunch.

A maker of HR and payroll software, Namely laid off 110 employees earlier this month. The company noted that its SMB customers have been downsizing as a result of the pandemic. This has led to lower revenue for Namely, which makes money in part via a per-employee monthly fee.

If you’re recruiting in NYC or Atlanta, see link below πŸ‘‡for an opt-in list of nearly 100 employees laid off across Namely’s brokerage, client operations, go to market, and product/engineering teams.

Our live Layoffs Tracker has a real-time report of all startups that have done layoffs.