Roblox is calling back its recruitment efforts by laying off 30 members of its talent acquisition team. This is not good news for affected staff members and the respective families.
“The aggressive growth targets Roblox was operating against in the past few years required a heavier investment in our TA organisation, said the company spokesperson.
“With our commitment to getting our cash compensation growth in line with our bookings growth by the end of Q1 2024, we now need a smaller talent acquisition organization to meet our adjusted hiring needs,” they added.
“This action is the result of the reduction in our hiring targets to better align with our growth goals.”
According to Roblox’s fiscal report for the quarter ended June 30, 2023, net losses increased by 60 percent year-on-year to $282.8 million due to the “higher levels of expense required to support the growth of the business.”
Commenting on the platform’s future, company CEO David Baszucki said Roblox is “growing among users of all ages and across all geographies” and believes it has the ability to deliver 1 billion DAUs.
