Topics
Latest
AI
Amazon
Image Credits:Grammarly
Apps
Biotech & Health
Climate
Cloud Computing
DoC
Crypto
Enterprise
EVs
Fintech
fund raise
contraption
stake
Government & Policy
Hardware
Layoffs
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
Security
societal
Space
inauguration
TikTok
transit
Venture
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
Podcasts
video
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
Grammarly is laying off 230 employees worldwide as part of a “ business restructuring , ” the companyannouncedthis week . The layoffs are part of Grammarly ’s movement to march on its focus on “ the AI - enabled workplace of the future , ” the company say .
“ To get at today ’s decision , we took a look at our organizational design and the current skillsets of our team through the lens of our company scheme , ” Grammarly CEO Rahul Roy - Chowdhury articulate in a memo to employees . “ As we tone up our focal point toward drive the AI - enabled work and deepen our technical investments in AI , we will want a different intermixture of capableness and skillsets . We also need to redesign our establishment to improve the lineament and f number of collaboration — and that intend , among other things , restructuring roles and co - locating certain team . ”
Roy - Chowdhury went on to say that the layoffs are not a monetary value - cut measure , noting that Grammarly ’s financial position is “ strong . ” He says the layoffs touch on most Grammarly functions and geographies .
Impacted employee will receive a minimum of three months ’ basis salary , along with wellness insurance benefits as applicable to their locations .
The memo says Grammarly grew its squad from 200 to 1,000 employee over the past five years , and that in that clip , the company has meet changes in the industry and global environment , including the war in Ukraine and a “ newfangled age of AI . ” Roy - Chowdhury says these modification have challenge the company to be more “ strategic . ”
“ As for Grammarly ’s hereafter : We see massive opportunity as every individual and business begin to harness the power of AI , ” Roy - Chowdhury say . “ We ’ll build on this foundation to bring even more time value to our customers . AI will fundamentally change the work for the better — and Grammarly will dally a direct character in driving that alteration . ”
Grammarly is one of many technical school companies to conduct layoffs in the preceding month . legion technical school companies , includingGoogle , Microsoft , Snapchat , eBay , PayPal , DocuSign , Okta , Block , Discord , TwitchandDuolingohave all conducted sizeable layoffs in just the past two week .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
Back in November 2021,Grammarly raised $ 200 millionin funding at a $ 13 billion valuation . At the time , Roy - Chowdhury told TechCrunch that the company design to use the financing to keep making investments in its AI technology .
