Having let go of over 250 employees at the end of last year, low-code platform provider Airtable has announced more job cuts in order to make the company “cash flow positive.”
According to Howie Liu, Airtable s founder and CEO, the company was caught up in the hiring frenzy that swept the tech world following the easy-money days that followed the Covid-19 lockdowns of 2021.
Airtable: According to Forbes, the cuts are part of a strategy to focus the company on winning large enterprise clients while also controlling spending.
Airtable, the code-free software company that was recently valued at $11.7 billion, today announced that it will lay off 237 people, or 27% of the company.