Web hosting company GoDaddy to lay off 8% of workforce

Web hosting company GoDaddy is planning to lay off 8 percent of the workforce in order to cut cost amid challenging business conditions.
GoDaddy India business
GoDaddy has reported revenue of $1.035 billion (+7.2 percent) and net income of $100 million (+2.4 percent) in Q3 2022. The web hosting company is targeting revenue of $1.05 billion during the fourth quarter of 2022.

Aman Bhutani, CEO of GoDaddy, in an email to employees, said that most impacted roles are in the US, affecting multiple levels in the company and every division.

“The planned impacts also include ongoing work to more deeply integrate three of our brands — Media Temple, Main Street Hub and 123 Reg — into GoDaddy,” Aman Bhutani wrote.

“Media Temple customers and team members are aware of the transition to GoDaddy infrastructure as we work to sunset the brand, and team members will receive a meeting invite today to explain the path forward for them,” Aman Bhutani said.

Some roles in 123 Reg may not be required longer-term and it will notify any impacted team members by March 1, 2023.

The company is offering the impacted employees a transition package, in line with local laws and customs.

In the US, this will include 12 weeks of paid administrative leave with continued core benefits coverage.

In addition, departing team members will be eligible for two additional weeks of severance per year worked (with a minimum of four weeks), extended healthcare benefits, as well as outplacement and immigration support to help with their transition, GoDaddy said.

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