Recent layoffs at Smartsheet have affected various positions, including engineers and project managers, although the precise number of employees laid off has not been disclosed. This move is part of the company's strategy to realign resources with its long-term business goals, as stated in an announcement made on Wednesday.
Smartsheet, headquartered in Bellevue, Washington, employs over 4,000 individuals globally and is recognized for its productivity and work-management software, boasting 16.7 million active users and generating more than $1 billion in yearly revenue. The company previously faced layoffs impacting over 120 employees in October.
This round of layoffs comes in the context of a broader trend in the Seattle tech industry, where several companies, including Amazon and T-Mobile, have announced significant workforce reductions amid economic challenges and increased reliance on AI tools. Raj Singh, who became CEO in October, is navigating these changes following the retirement of Mark Mader.