Image via Startup Daily (AU)
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Culture Amp: Layoffs
Culture Amp is conducting a second round of layoffs, cutting 70 jobs as part of broader business restructuring under new CEO leadership
Source: Startup Daily (AU)
The leadership read
Reductions rarely fall evenly, and the read is in the pattern. For Culture Amp in Technology, cuts like this tend to protect — and sometimes deepen — leadership where the company is betting, while thinning the rest. Across Oceania, watch which functions keep or add leadership; that is the strategy stated plainly.
Market context: MitchelLake's Talent Market Index sits at 105.8 (Hot), down 2.3 on the prior month; Oceania hiring signal is running steady (-0.1pts).
Culture Amp: 2 signals in the last 90 days — above the Technology median of 1 across 216 tracked companies; 0.1% of MitchelLake's Oceania signal flow; 2 tracked across 34 days.
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From the MitchelLake archive
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More signals across Technology
Layoffs · Oceania
Ubisoft →Ubisoft cut 1,200 jobs over past year amid record $1.7B net loss, now at 16,700 staff
Leadership Change · Oceania
Ventia →Ventia appointed Brendon Riley, former CEO of Telstra InfraCo, to its board
Product Launch · Oceania
FactSet →FactSet is building enterprise-grade AI agent infrastructure with ownership, search, evals, audits, and governance capabilities for financial data clients.
Ma Activity · Oceania
Seek →Seek engaged Rothschild to sell a stake in its education arm valued at $500M+, representing a partial divestiture of a portfolio asset (part of $2.3B portfolio including Employment Hero, Go1, Hibob, OES).
Capital Raising · Oceania
Tyro Payments →Tyro Payments seeks ASX quotation for additional shares following option conversions, indicating capital structure adjustment
Partnership · Oceania
Afterpay →Afterpay secured naming rights to a major 21,000-seat stadium (formerly Olympic indoor venue), rebranding it as Afterpay Arena. This represents a significant sports marketing and brand visibility partnership.
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