Fivetran laid off 12% of staff (156 employees) in February 2023 following an earlier October 2022 cut of 5% (63 employees). When Fivetran announced its merger with dbt Labs in October 2025, dbt President Tristan Handy said "The teams from both companies are critical to the success of the combined company, and we will proceed thoughtfully with all talent decisions." Uncertainty remains about post-merger layoffs as the combined company shifts focus from startups to Fortune 500 enterprises.
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Fivetran maintains a Director of Diversity, Equity & Inclusion role that creates and implements inclusion strategies globally, with particular focus on diversity recruiting for Black/African American and Latinx talent. The company runs Employee Resource Groups (ERGs), internal training on equity and allyship, and ties DEI metrics to OKRs. In 2023, Jiyoung Yoon, Senior Director of Employee Experience, stated: "Listening is a vastly underrated tool. Bringing about meaningful change happens when employees truly start listening to one another with the intent to understand rather than reply."
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Fivetran — DEI: SUPPORTED Fivetran maintains a Director of Diversity, Equity & Inclusion role that creates and implements inclusion strategies globally, with particular focus on diversity recruiting for … https://reciepts.tech/stance/1458
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See all →Fivetran conducted two rounds of layoffs within four months: 63 employees (5% of staff) in October 2022, followed by 156 employees (12% of staff) in February 2023. In total, the company cut 219 positions as the data integration platform shifted from rapid expansion to cost reduction amid the broader tech downturn. The layoffs came despite the company's $5.6 billion valuation and represented a significant reversal from its aggressive hiring in 2021-2022.