GoDaddy Becomes Latest To Reduce Workforce -- Market Talk

Dow Jones05-03

1859 ET - GoDaddy is the latest company to announce layoffs this year. The company says with 1Q earnings that it restructured during the period to cut expenses and improve cash flow, with about 180 people affected. As of Dec. 31, 2023, the company employed 6,159 people, meaning the layoffs affected about 3% of GoDaddy's global workforce. So far this year, 274 tech companies have laid off about 79,852 employees, according to tracker Layoffs.fyi. Peloton and Tesla have also announced cuts this week. GoDaddy shares slip 1% to $123 after-hours. (ben.glickman@wsj.com; @benglickman)

(END) Dow Jones Newswires

May 02, 2024 18:59 ET (22:59 GMT)

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GoDaddy shares slip 1% to $123 after-hours. 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The company says with 1Q earnings that it restructured during the period to cut expenses and improve cash flow, with about 180 ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4116","symbol_name":"互联网服务与基础架构","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2432966143","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432966143","pubTimestamp":1714690740,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1859 ET - GoDaddy is the latest company to announce layoffs this year. 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