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GoDaddy to lay off hundreds, close Texas offices

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Posted at 2:16 PM, Jun 24, 2020
and last updated 2020-06-24 17:16:01-04

SCOTTSDALE, AZ — GoDaddy Inc. is restructuring its U.S. sales operations, closing two Texas offices and reducing its headcount, the result of COVID-19 influences and a changing regulatory environment.

The announcement came the same day the web domain registration and small business services provider said in filings with the U.S. Securities and Exchange Commission it expects to marginally exceed its revenue guidance for the second quarter.

In total, the restructuring will affect about 814 jobs at Scottsdale-based GoDaddy (Nasdaq: GDDY) offices in the Valley, Iowa and Texas, primarily in outbound and social sales. About 40% of those people affected will be offered other jobs with the company.

Arizona impacts will be minimal in terms of layoffs. In a post from GoDaddy CEO Aman Bhutani on the company's website [aboutus.godaddy.net], about 213 employees in outbound sales will be affected and moved to inbound sales, but the move will have layoffs of nine supervisors.

Read more of this subscription-only article from the Business Journal.