Lehi, Utah-based Podium, a sales automation and customer engagement platform providing embedded reviews, chat widgets, and text message marketing campaigns for small businesses, has announced a 12% reduction in its workforce.
The reduction in force will impact 144 employees.
Co-founders, CEO Eric Rea and Dennis Steele have noted, "As founders of this business, we understand how painful and personal these changes are for all of you. We accept full responsibility for the decisions that led us here, and we are incredibly sorry to have to make these necessary decisions."
"While we have always been disciplined about unit economics, we are going to need to be even more focused in order to drive the business forward in a macroeconomic environment that is less forgiving. While these are very difficult decisions, they put us in a position where we can control our own destiny."
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?