NuoDB, the Cambridge-based database provider founded in 2008, has laid off employees as the novel coronavirus takes its toll on the startup landscape.
A source told BostInno that 20 people had been let go, leaving the startup with 50 full-time employees. NuoDB declined to answer questions about how many employees were laid off but said all departments had been impacted.
"NuoDB operates worldwide and has been significantly impacted by the global nature of the COVID-19 health crises," NuoDB CEO Bob Walmsley said in an email to BostInno. "The entire team has contributed to taking every step necessary to ensure the long-term health of the business including instituting pay cuts across the organization, deepest at the executive level, for the remainder of 2020. Unfortunately, it also meant that we had to reduce the size of our team."
Asked whether the company had provided departing employees with outplacement services or severance packages, Walmsley said "every effort was made to support those impacted."
NuoDB had not been planning layoffs before the COVID-19 disruption. In late 2018, NuoDB raised $30 million in equity. The round brought the company’s total funding to $95 million at the time.
The startup now joins a growing list of Boston-area companies that have been forced to downsize as a direct result of the novel coronavirus. Companies from massive unicorns—Toast, ezCater and DataRobot—to small hospitality startups like Spyce and Bevi have been impacted.
"We remain committed to the success of our customers and steadfast in our belief that cloud-based initiatives and multi-cloud management will be ever more present when we emerge from these challenging times," Walmsley said.
