GitHub Makes Bold Move to Lay Off 10% of Workforce
1. GitHub will lay off 10% of its workforce through the end of the company's fiscal year.
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2. GitHub had around 3,000 employees before the layoffs were announced.
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3. The company will shut down offices and transition to a fully remote work culture.
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4. The CEO announced a hiring freeze and other internal changes.
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5. It is performed to "protect the short-term health" of the business.
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6. GitHub has 100 million members globally and is growing rapidly in India.
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7. With over 10 million developers on the platform.
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8. The CEO stated that sustained growth is important for every business.
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9. GitHub must become the "developer-first engineering system for the world of tomorrow.
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10. The CEO also stated that moving toward a fully remote GitHub.
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11. Due to low utilization rates in the company's offices worldwide.
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