Glisser Layoffs: What Happened & Why?

On January 26, 2023, Glisseron laid off 25 employees, representing 1% of its workforce. This move has raised concerns within the company.

Headquartered in London, Glisseron operates in the travel industry. The layoffs come amid challenging market conditions, impacting the company's strategic direction and workforce morale.

Why did Glisser have Layoffs?

Glisser decided to lay off 25 employees due to the slowdown in growth of virtual event platforms and tough economic conditions affecting the industry. Despite finding a buyer for their platform, they couldn't secure one for the broader business, leading to the layoffs.

• Slowdown in growth: The return to live events post-pandemic has reduced the demand for virtual event platforms.
• Economic conditions: The industry is facing tough economic conditions, impacting many companies, including Glisser.
• Administration process: Glisser is going into administration, which necessitated the layoffs as part of the restructuring efforts.

Company Statement

“Sadly, it looks like Glisser will slip into administration next week. We’ve found a buyer for our platform, but not for the broader business.” - Michael Piddock, Founder of Glisser.

This statement from Michael Piddock highlights the unfortunate reality facing Glisser. Despite successfully finding a buyer for their platform, the inability to secure a buyer for the entire business has led to the decision to go into administration. The layoffs are a direct consequence of this restructuring effort, aimed at navigating the challenging economic conditions and the slowdown in the virtual event industry.

Impact on Workforce and Industry

The reduction of 25 employees at Glisser has significantly impacted the company's operations, particularly in departments like customer support and product development. This downsizing has strained remaining staff, potentially affecting service quality and innovation.

In the broader industry, other companies like Hopin and Eventbrite have also announced layoffs recently, reflecting a trend of downsizing as the demand for virtual event platforms declines post-pandemic.

Looking Ahead

The layoffs at Glisser signal a period of significant restructuring and uncertainty for the company's future. However, the company has outlined several strategies to navigate this challenging phase.

• Focus on core platform: Glisser plans to concentrate its efforts on enhancing and marketing its core virtual event platform.
• Streamlined operations: The company aims to streamline operations to improve efficiency and reduce costs.
• Exploring new markets: Glisser is looking into expanding its reach into new markets to diversify its revenue streams.

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