Amsterdam-based MessageBird, a cloud communications platform, announced that it is laying off 31 per cent of its workforce citing rising inflation and interest rates and a change in how businesses are valued.
In a blog post, the company’s CEO Robert Vis says, “I’m very sorry to be taking this step, and I take full responsibility for the decisions leading up to it.”
The Dutch company hasn’t shared the exact count of impacted employees.
In a statement, Vis mentions, “We bootstrapped MessageBird profitably for the first six years, spent the next five years investing, and made the company profitable again in late 2021. While we continue to operate profitably in 2022 and sustain our growth rates ahead of our peers, unfortunately, we still need to take more drastic measures for our business’s health and continue to support and prepare our customers and stakeholders for what is about to come.”