Earlier this month, a report suggested that Evernote was in a “death spiral” as it cycled through several of its most senior executives. Now, TechCrunch reports that Evernote has cut roughly 15 percent of its workforce, a move that was announced to employees today at an all-hands meeting.
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According to the report, Evernote CEO Chris O’Neill told employees that the company had “no choice” but to lay off 54 employees – which equates to roughly 15 percent of its workforce. This round of layoffs reportedly comes as Evernote wants to focus its efforts around product development and engineering:
Now, Chris O’Neill — who took over as CEO of Evernote in 2015 after running the business operations at the Google X research unit — is sharing more demoralizing news with employees. To wit, he’s firing dozens of them. At an all-hands meeting earlier today, he told gathered staffers that Evernote has no choice but to lay off 54 people — roughly 15 percent of the company’s workforce — and to focus its efforts instead around specific functions, including product development and engineering.
Evernote has yet to publicly comment on these layoffs, but they follow a report earlier this month that suggested the company was in a “death spiral” amid flat user growth, both i terms of paid users and active users.
What the future holds for Evernote remains to be seen, but if both of these reports this month are any indication, the company is certainly facing hard times. Do you still use Evernote, or have you switching to another note taking platform? Let us know down in the comments.