Automattic Announces Restructuring, 16% Workforce Reduction

Automattic CEO Matt Mullenweg announced a company restructuring involving a 16% workforce reduction. This decision aims to improve efficiency, profitability, and competitiveness in a rapidly evolving market. Affected employees will receive severance packages, benefits, and job placement resources. Automattic stated this restructuring is necessary to ensure long-term success and continue its mission to democratize the internet.
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