Menu
GoDaddy sheds staff amid pandemic

GoDaddy sheds staff amid pandemic

The world's largest domain registrar said the employees will either be let go or be moved to other roles and locations

Credit: GoDaddy

Web hosting company GoDaddy has announced a restructuring plan that will affect about 12 per cent of its total workforce, or about 814 employees, due to the fallout from the coronavirus crisis.

The world's largest domain registrar said the employees will either be let go or be moved to other roles and locations and will add about US$15 million in pre-tax charges.

GoDaddy said it has seen a dip in demand for higher-priced, do-it-for-you services such as GoDaddy Social.

The company also expects to exceed its second quarter revenue by about 1 per cent from its initial guidance of US$790 million citing high demand for its domains and websites.

GoDaddy had 7,024 employees worldwide, as of December 2019.

(Reporting by Neha Malara; Editing by Shailesh Kuber)


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Events

Show Comments