Cloud infra provider DigitalOcean lays off nearly 200 employees: Report

Cloud infrastructure provider DigitalOcean is laying off about 11 per cent of its workforce, or nearly 200 employees, the media reported.

About 100 employees were let go immediately and another 100 will be sacked shortly, reports The Register, citing sources.

The report said the company showcased a slide to employees about the staff reduction at a meeting late on Wednesday.

“Our goal was to do this once so we would move forward towards business as usual again. Ongoing reductions are disruptive to the business and more importantly our employees, and we would like to minimise this as much as possible,” said the company.