San Mateo, California-based Momentive Global, the parent of the online web-survey portal SurveyMonkey, has announced a restructuring and cost-containment initiative to “improve operating margin and create efficiencies.
The downsizing will impact 100 employees, including team members in business development, customer support, recruitment, and enterprise sales.
According to a statement from recently appointed CEO Zander Lurie, "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. 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."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?