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Mixed📉LayoffsMay 19, 2023

dbt Labs

dbt Labs laid off 15% of staff (66 employees) in May 2023 after a January 2023 cut of 7 employees. CEO Tristan Handy called 2023 "a challenging year for many within the software space." The company offered 12 weeks severance, 3 months COBRA, equity vesting cliff removal, and 1-year exercise extension. By 2025, dbt Labs had recovered to 869 employees with net-new ARR more than doubled versus 2024.

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dbt Labs — Layoffs: MIXED

dbt Labs laid off 15% of staff (66 employees) in May 2023 after a January 2023 cut of 7 employees. CEO Tristan Handy called 2023 "a challenging year for many within the software…

https://reciepts.tech/stance/1351

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