UPDATED 17:14 EDT / JULY 04 2023


Productivity software startup ClickUp lets go 10% of its workforce

Mango Technologies Inc., a well-funded productivity software startup that does business as ClickUp, has let go 10% of its workforce or about 90 employees.

The move was reported earlier today by TechCrunch. ClickUp confirmed the workforce reduction, saying it will be carried out over the next few months. The company previously laid off 7% of its employees in May 2022.

San Diego-based ClickUp provides a popular cloud-based productivity application of the same name. It has raised more than $537 million from investors since launching, mainly through a $400 million Series C round that closed in late 2021. The investment valued the startup at $4 billion. 

ClickUp disclosed at the time of the funding round that 800,000 teams were using its application. A year before the raise, its customer base included approximately 200,000 teams. 

The application combines the features of a word processor, to-do list and data visualization tool in a single product. There are also built-in collaboration features. Users can quickly switch between the various productivity tools included in the application through shortcuts at the top of the interface.

ClickUp enables customers to create documents using a built-in word processor similar to Google Docs. For less structured projects, it provides a virtual whiteboard. Workers also have access to to-do lists, a tool that can turn business information into graphs for easier analysis and a range of other features.

After its $400 million round two years ago, ClickUp announced plans to hire 600 employees in Europe to support its international growth plans. Last year, however, the company laid off 7% of its workforce at the time or about 60 employees. The startup stated following the move that the restructuring was part of an effort to move closer toward profitability.

The workforce reduction announced today has a similar objective. “This realignment enables us to be a best-in-class IPO-ready company in efficiency while continuing to overachieve in growth,” founder and Chief Executive Officer Zeb Evans detailed in a statement to TechCrunch.

The latest workforce reduction mainly affects the company’s customer support and customer service teams. In conjunction, it’s reportedly cutting jobs at its engineering group. However, Evans added that it will “continue to hire for roles aligned with our mission, especially those geared towards product and revenue.”

Affected workers will receive 12 weeks of severance pay, six months of insurance coverage, visa support and access to an internal employee assistance program. Additionally, ClickUp said outgoing staffers may retain their company-issued laptops and related equipment. 

Image: ClickUp

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