Seattle startup PipelineDeals is cutting staff, as the sales management software maker looks to maintain its growth trajectory.
In response to a GeekWire inquiry, PipelineDeals CEO JP Werlin said “it is true we had to make a very hard choice this week.” He added that the company does not have financial issues, and the moves represent “fundamentally sound business decisions that keep us on our same positive year-over-year growth trajectory.”
Werlin wouldn’t go into specifics, but a source said about a third of the company’s staff is affected. PipelineDeals, ranked number 124 on the GeekWire 200 sported a LinkedIn employee count of 40 at the end of May.
PipelineDeals was founded in 2006 and makes sales CRM and sales pipeline software for small and midsize businesses. It boasts more than 18,000 users at 3,000 companies in 60 countries around the world.
Here are the full comments from Werlin in response to our inquiry:
It is true we had to make a very hard choice this week. I can’t get into the particulars or specifics there as it involves individuals.
The truth of the matter is that as far as the business goes, we do not have financial issues. As a traditionally bootstrapped company, we made some fundamentally sound business decisions that keep us on our same positive year-over-year growth trajectory.
We have an awesome team here at PipelineDeals primed to continue to serve our ever growing list of 3,000 companies in 60 countries around the world grow their own businesses.