Benevity cuts 14% of workforce: A ‘canary in the coal mine’ for corporate charitable giving?
“A lot of executives, even if they may believe in it strongly — when they get ruthless about their budget, it’s easily one of the first things to go,” says Clarke Foster, a former Benevity employee.
Why It Matters
Benevity offers one of the country’s most-used giving platforms among large companies. Experts say the cuts could signal a forthcoming decline in corporate donations from some industries; and some worry the company’s layoffs could worsen customer service for charities and non-profits who receive donations through Benevity’s platform.
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