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Product Hunt , the Cartesian product find website for smaller startups , apps , technical school tools and developer ’ side task , is cleanse home . The company earlier this monthannouncedlayoffs , but did n’t give an indication of how widespread those cuts were . We now understand the cuts impacted around 60 % of the team , including excogitation , product , gross sales and other part . production Hunt ’s about page indicates technology , ads and community stave continue .
The layoffs were first publicly announced on October 10 , when CEO Rajiv Ayyangarpostedon X in an movement to help oneself connect former employees with hiring opportunities . He spell :
“ This hebdomad I did a round of layoffs at Product Hunt across multiple purpose . We had to peg down the part on our team for speed and focus . We ’re parting ways with talented individuals who care deeply about their piece of work and teammates . If you ’re hiring , dm me – I ’d get laid to connect you . ”
This week I did a round of layoffs at Product Hunt across multiple functions . We had to narrow down the purpose on our team for speed and centre . We ’re parting ways with talented individuals who like deeply about their work and mate . If you ’re hiring , dm me – I ’d love to tie in you …
— Rajiv Ayyangar ( @rajivayyangar)October 10 , 2023
The size of the layoff was firstleaked bylongtime Product Hunt substance abuser , Chris Messina , an open sourceadvocateand tech veteran turned investor . Messina , who is still active on the site , has trace 3,690 products over the years — more than any other Product Hunt user , allowing him a close connection to the society and its squad .
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On togs , he save that Product Hunt had cut 70 % of staff , but the CEO tells us that figure was a little high .
“ It was actually around 60 % of the squad , ” Ayyangar explained . “ Our About varlet was a small out of date , ” he noted .
Ayyangar , a former Product Hunt drug user himself , had only just joined the company in September afterprior rolesas an Entrepreneur in Residence at Dropbox and CEO and carbon monoxide - founder of virtual federal agency startup Tandem .
Inhis presentation to the Product Hunt community , the raw White House hinted that changes were forrader for the product breakthrough chopine . He suggested that while the situation remained the best position to identify your next best-loved product before they went mainstream ( we ’d argue that seat is TechCrunch , of course ) , the company admittedly had not “ done a great caper of helping masses line up the best production for their motivation , despite the wealth of contributions we ’ve collected from our community , ” hewrote .
In addition , Ayyangar suggested that the site needed to leverage new technology , like AI , as well as moderation and other tooling to get safe at spotlight what ’s raw in tech . And while it would still continue to be as a launch platform , it was also adding other feature that take it beyond the launch , like “ Pro Tips ” product pageboy that would do as a wiki for favored mathematical product , he said .
Ayyanger tells TechCrunch the layoff were not due to economic factors .
“ It was n’t for fiscal or company performance reasons , ” he said . “ Traffic has never been higher and we ’re in a expectant place , financially . It was for strategic reasons . ”
The laid - off staff did receive breach , he also take down .
It ’s an interesting metre for Product Hunt to redefine itself , give the burst in AI advances that make single - purpose , smaller tools that developer would muck around around with in their free clip less of an interest . Businesses , meanwhile , are looking to cut costs during the economic downturn , which meansreducing SaaS ( software - as - a - avail ) spending by 10 % to 30 % , as TechCrunch recently reported . That pray the question as to how many companies would be willing to try out with new SaaS Cartesian product , like those they ’d discover on Product Hunt or elsewhere .
in the beginning a YC anda16z - endorse startup , Product Hunt wasacquired by AngelList for $ 20 million in 2016,spun outin 2020,and in2021 exalt a young fund , Hyper , which would exist as a baby ship’s company for the site . The program admit an exclusive Product Hunt launch event and investor demonstration day . Hyper ’s program has now been sundown and it is n’t run any new batches , Ayyangar confirmed to TechCrunch . However , the team will continue to substantiate the companies already in its portfolio , he said .
Sarah Perez can be reached at sarahp@techcrunch.com or ( 415 ) 234 - 3994 on Signal .
