NEWS3 March 2016

SurveyMonkey to lay off 13% of staff

News North America

US – DIY online survey company SurveyMonkey has informed its employees that it will be making redundant 100 of its 750-strong workforce, in an internal memo.

The announcement revealed by recode comes six weeks after former GoPro executive, Zander Lurie (pictured), took over as CEO from Bill Veghte, who was in the role for just six months.

Founded in 1999, SurveyMonkey has experienced a period of turmoil since its CEO Dave Goldberg died suddenly in May 2015.

The cuts are expected to be mostly among the sales team of SurveyMonkey for Business. Steve Norall, senior vice-president for business product and Brad O’Neill, senior vice-president for global sales, co-founders of TechValidate, have just been hired by SurveyMonkey to run that group.

Lurie said in his statement to the company: “When you operate a healthy and profitable business, you have to quickly course correct when part of your strategy isn’t living up to expectations.

“While this is a tough day for all involved, we are focused on the future.”

@RESEARCH LIVE

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