Changes to the New Relic team
Blog post from New Relic
New Relic's CEO, Bill Staples, announced a targeted restructuring to ensure the company remains aligned with growth trends and market expectations, resulting in a workforce reduction of about 5%, affecting approximately 90 employees in the U.S. and up to 20 internationally. The decision followed a reassessment of the FY23 budgets and a thorough organizational evaluation to identify non-essential expenditures and role redundancies. The company is committed to supporting affected employees with severance packages, extended benefits, career outplacement support, and other transition aids. Staples expressed gratitude for the contributions of departing employees and emphasized the company's ongoing mission to empower engineers and maintain commitment to its core values.