Grammarly lays off 230 staff as a part of a ‘enterprise restructuring’

Grammarly is shedding 230 staff worldwide as a part of a “business restructuring,” the corporate announced this week. The layoffs are a part of Grammarly’s efforts to advance its concentrate on “the AI-enabled workplace of the future,” the corporate says.

“To arrive at today’s decision, we took a look at our organizational design and the current skillsets of our teams through the lens of our company strategy,” Grammarly CEO Rahul Roy-Chowdhury mentioned in a memo to staff. “As we strengthen our focus toward driving the AI-enabled workplace and deepen our technical investments in AI, we will need a different mix of capabilities and skillsets. We also need to redesign our organization to improve the quality and speed of collaboration — and that means, among other things, restructuring roles and co-locating certain teams.”

Roy-Chowdhury went on to say that the layoffs will not be a cost-cutting measure, noting that Grammarly’s monetary place is “strong.” He says the layoffs have an effect on most Grammarly features and geographies.

Impacted staff will obtain a minimal of three months’ base pay, together with medical health insurance advantages as relevant to their places.

The memo says Grammarly grew its crew from 200 to 1,000 staff over the previous 5 years, and that in that point, the corporate has seen adjustments within the trade and international surroundings, together with the battle in Ukraine and a “new age of AI.” Roy-Chowdhury says these adjustments have challenged the corporate to be extra “strategic.”

“As for Grammarly’s future: We see massive opportunity as every individual and business begins to harness the power of AI,” Roy-Chowdhury mentioned. “We’ll build on this foundation to bring even more value to our customers. AI will fundamentally change the workplace for the better—and Grammarly will play a leading role in driving that change.”

Grammarly is one in all many tech firms to conduct layoffs up to now month. Quite a few tech firms, together with Google, Microsoft, Snapchat, eBay, PayPal, DocuSign, Okta, Block, Discord, Twitch and Duolingo have all carried out sizable layoffs in simply the previous two weeks.

Again in November 2021, Grammarly raised $200 million in funding at a $13 billion valuation. On the time, Roy-Chowdhury advised TechCrunch that the corporate deliberate to make use of the funding to proceed making investments in its AI know-how.