US startup fires 1 in every 5 employees to give million-dollar packages to the other 4

Ashley Paul, Published on May 22nd, 2026

US startup fires 1 in every 5 employees to give million-dollar packages to the other 4

US-based startup ClickUp is firing 22% of its employees, or about 1 in every 5 people, despite its business being "strongest ever", CEO Zeb Evans said. "I made this decision, and I won it," he said, adding that the layoffs aren't to cut costs but to give million-dollar packages to remaining employees. "AI doesn't make everyone more productive," he said.

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