The cloud communications company MessageBird, located in Amsterdam, has fired 31% of its employees.
In an email to staff members, the company’s founder and CEO, Robert Vis, explained that although the business is financially profitable and expanding more quickly than its rivals, the current macroeconomic climate and impending recession have forced the company to make this decision.
In addition, he said that the company’s personnel base had grown too quickly and that it had been unable to quickly integrate its acquisitions.
The 2011-founded company MessageBird made sure that the impacted employees would get three months of pay, a prorated bonus, a prorated paid time off balance, career help, and immigration assistance.
The company, which had 11 locations around the world, including Singapore, China, and Australia, had over 800 employees, according to its website.
With over US $600 million in run-rate revenue and 245 million emails processed per hour on Black Friday alone, Vis continued, MessageBird is “fundamentally well-positioned to overcome economic headwinds”.