SurveyMonkey the online polling organization is deducting about 100 employees from the company which is about 13% of its workforce; recently, in an international conference SurveyMonkey’s CEO Zander Lurie cited this heartbreaking news, according to a Re/code report.
The cutbacks will fundamentally originate from its venture deals group. Simply a week ago, the organization named new initiative for its SurveyMonkey for Business items, which works with organizations that need surveys for statistical surveying or client input.
“When you operate a healthy and profitable business, you have to quickly course correct when part of your strategy isn’t living up to expectations,” Lurie writes of the cuts. “It’s painful to say goodbye to these colleagues, many of whom are friends. We will treat them with respect and provide generous severance packages.”
The news comes following an especially tumultuous year for the organization.
Lurie just got to be CEO in January, after his ancestor, Bill Veghte, left after under six months because of “contrasts of supposition on system.”
The organization’s past CEO, David Goldberg, passed on out of the blue in May.
The cutbacks additionally take after a developing example of Silicon Valley work cuts. Research by DataFox, demonstrated that no less than 18 tech organizations experienced cutbacks a month ago.
SurveyMonkey wasn’t readily available for feedback.