A Boston software company, which has said it wants to do for engineering what Salesforce did for sales, has made a round of layoffs.
A Jellyfish spokesperson confirmed to BostInno that 9% of its workforce is being cut “in light of the economic outlook,” but declined to answer further questions.
“While the business has grown more than 100% this last year, a reorganization was important to better focus our resources for the coming year. We are fully committed to supporting and partnering with the best engineering teams in the world,” a spokesperson wrote in an emailed statement.
Last summer, the company reportedly had over 175 workers. A Jellyfish employee who posted on LinkedIn that she was impacted by the layoffs wrote that Jellyfish’s entire commercial team was being cut. She did not immediately respond to a request for comment.
Jellyfish was co-founded in 2017 by Philip Braden, David Gourley and Andrew Lau. The co-founders met at Endeca, a Cambridge-based search engine technology firm that was acquired by Oracle Corp. for $1.1 billion.
When building Jellyfish, their goal was to communicate the business impact of engineering teams. The company says its platform provides “transparency into engineering organizations, the work they do, and how they operate.”
In early 2022, Jellyfish raised a $71 million Series C funding round led by Accel, Insight Partners, and Tiger Global. At the time, Jellyfish said its revenue more than tripled in 2021 and it had hundreds of new companies using its platform. As a result, the company said, “the Jellyfish team has tripled in size and is poised to extend that growth.”
The tech layoff news has continued into the new year, with local companies like Whoop and Pegasystems joining giants like Amazon in cutting jobs in the first two weeks of 2023.
Sign up for The Beat, BostInno’s free daily innovation newsletter from BostInno reporter Hannah Green. See past examples here.
