As CEO, I take full responsibility for this decision and the circumstances that led to it, and I'm truly sorry to those impacted by this change.
Maintaining our current structure and investment levels is no longer sustainable. We continue to see softening demand and macro headwinds in our core business.
Our organizational structure has become overly complex, with excess layers of management slowing us down.
The steps we're taking today are necessary to both strengthen our core product and accelerate the growth of our new products.
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