Product Hunt cleans house with layoffs impacting 60% of staff
Reading Time: 2 minutesProduct Hunt, the product discovery site for smaller startups, apps, tech tools, and developers’ side projects, is cleaning house. The company earlier this month announced layoffs, but didn’t give an indication of how widespread those cuts were. We now understand the cuts impacted around 60% of the team, including design, product, sales, and other roles. Product Hunt’s about page indicates engineering, ads, and community staff remain.
The layoffs were first publicly announced on October 10th, when CEO Rajiv Ayyangar posted on X in an effort to help connect former employees with hiring opportunities. He wrote:
The size of the layoff was first leaked by longtime Product Hunt user, Chris Messina, an open source advocate and tech veteran turned investor. Messina, who is still active on the site, has hunted 3690 products over the years — more than any other Product Hunt user, allowing him a close connection to the company and its team.
On Threads, he wrote that Product Hunt had cut 70% of staff, but the CEO tells us that figure was a little high.
‘It was actually around 60% of the team,’ Ayyangar explained. ‘Our About page was a little out of date,’ he noted.
Ayyangar, a former Product Hunt user himself, had only just joined the company in September after prior roles as an Entrepreneur in Residence at Dropbox and CEO and co-founder of virtual office startup Tandem.
In addition, Ayyangar suggested that the site needed to leverage new technology, like AI, as well as moderation and other tooling to get better at spotlighting what’s new in tech. And while it would still continue to exist as a launch platform, it was also adding other features that took it beyond the launch, like ‘Pro Tips’ product pages that would serve as a wiki for favorite products, he said.
‘It wasn’t for financial or company performance reasons,’ he said. ‘Traffic has never been higher and we’re in a great place, financially. It was for strategic reasons.’
The laid-off staff did receive severance, he also noted.
Ref: techcrunch
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