Envato to Shut Down Envato Studio on Short Notice, Jilting Longtime Service Providers 

Envato, the Australia-based digital assets company, announced it is shutting down Envato Studio, its community freelance platform, and Twenty20, a stock photo website. The company continues to tighten its belt and focus on newer products after it laid off 100 of its 700 employees, citing global conflicts and inflation. “We were spread too thin across… Continue reading Envato to Shut Down Envato Studio on Short Notice, Jilting Longtime Service Providers 

Elementor Lays Off 15% of Workforce, Citing Rising Inflation and Impending Recession

With inflation rising and the unemployment rate falling, economic forecasters are predicting an impending recession in 2023. A few major WordPress companies are tightening their belts ahead of what many believe will be an unavoidable economic downturn. Elementor announced that it is laying off 60 employees, 15% of its workforce, in a tightly controlled release… Continue reading Elementor Lays Off 15% of Workforce, Citing Rising Inflation and Impending Recession