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Pendo lays off 5% of workforce, including a few dozen in Raleigh

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RALEIGH – More layoffs have swept across the Triangle and North Carolina, with Pendo layoffs affecting some workers in the region.  The Raleigh-headquartered tech unicorn has laid off 45 positions across the company, a spokesperson confirmed to WRAL TechWire on Monday.

Less than half of those laid off by the company were based from the company’s Raleigh headquarters in downtown Raleigh that the company opened earlier this year, according to Pendo founder and CEO Todd Olson.

The layoffs were tracked on Layoffs.FYI last week.

In a statement sent to WRAL TechWire, Olson said that the layoffs primarily impacted the company’s people, sales and services, and marketing teams, with a small number of eliminated positions in product and in engineering.

“Although we continue to deliver strong topline growth, we had to adjust due to changes in the macroeconomic environment,” Olson told WRAL TechWire.  “This follows a year in which we nearly doubled the number of employees. As a result, we have eliminated select over-resourced positions.”

Olson also noted that the company’s leadership team “made a number of other changes in recent months to prepare for and adapt to macroeconomic changes.”

That included the decision not to backfill roles that had been vacated, slowing down hiring, and restructuring existing company departments, among others, Olson’s note said.

Some employees were offered new roles due to changes, Olson said, but layoffs were a “next step we had to take to ensure we can continue to manage our expenses alongside our growth trajectory.”

Pendo will host its annual event this week.

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