A Difficult Company Update – Gong

Amit Bendov, Gong co-founder and CEO, despatched the next e-mail to Gong workers earlier at this time

Staff,

This can be a message I’m very unhappy to share. I’ve made the tough choice to scale back our staff by 80 positions (roughly 7% of our whole workforce) throughout Buyer Success, Gross sales, and Common & Administrative features. Impacted workers within the US have obtained an e-mail and inside the subsequent a number of minutes, will obtain a calendar invite for a dialog with their chief and PBP to debate how we’ll assist them shifting ahead. Impacted workers in Dublin and Israel have already had these conferences.

I do know this choice hurts. It’s the toughest choice I’ve needed to make at Gong. The Gongsters we’re saying goodbye to should not simply colleagues, they’re mates. We’re serving to these impacted by offering complete severance packages and assets to assist them in the course of the transition. 

I’m positive your first query is why? 

The quick reply is that whereas we count on to develop this 12 months and we proceed to see wholesome new buyer provides, our development will likely be at a decrease charge than we have now deliberate for and have employed for lately. We have to modify the dimensions of our staff to replicate our precise anticipated development. This can be a tough choice and we didn’t rush into it. We took a “wait and see” method for the likelihood that we would not have to. It’s exhausting to foretell the market within the upcoming 12 months, however our planning assumption is that the macro setting will proceed to affect our prospects, companions, and us. As a consequence, we have to cut back the dimensions of our staff in sure areas.

This transformation is about adapting our firm to place us in the most effective formation to achieve the years forward. We’re not lowering an equal % throughout the board. We do not make any reductions in R&D, product, or advertising as we are going to proceed to extend our product benefit and strengthen our market management.

To the leaving Gongsters: I understand how impactful this choice is for you, and I’m really sorry that I have to make it. I’m grateful for every part you’ve got carried out to assist our firm. You’ve helped construct Gong, our tradition, and can perpetually be a part of our DNA. I’m sorry that this isn’t the end result you have been anticipating from me. 

I’m positive many people will need to attain out and assist our staff members who’re impacted. We’ll create an inventory of departing workers who opt-in in order that we may also help facilitate new alternatives. 

At tomorrow’s Gang of Gong name we are going to talk about this choice and the plans forward. We’ll reply questions that I’m positive you’ve got. This will likely be, as at all times, an “open-mic” session, however if you happen to choose, please be happy to DM me questions and ideas upfront. Within the meantime, please handle yourselves and provides your self time to course of at this time’s information.

Amit