Oct 01, 2015
Evernote, the startup behind the popular note-taking tool of the same name, is witnessing turbulent times. It is laying off 47 workers, piling on to the 20 it let go earlier this year. Its Singapore office is one of three global offices the startup will be shutting down.
The latest layoffs were announced by new CEO Chris O’Neill, soon after he took over the role from founder Phil Libin, who cited a lack of passion in being the CEO that will take the company public.
Tiang Lim Foo, market development lead for Asia-Pacific, confirms he has been tasked with shutting down Singapore operations. He’ll leave the company by the end of October.
Evernote has been under some scrutiny lately, with a well-circulated blog post arguing that things are not looking good for the company. Its app store rankings have been middling, and new apps are not doing well. Evernote was valued at US$1 billion in 2012.
Chris’ blog post confirms that the firm will be pulling back and refocusing. “We will launch major foundational product improvements around the core features that you care about most, and we will pull back on initiatives that fail to support our mission,” he writes.
Source: Tech in Asia