Coupa lays off workers as it resets strategy


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Coupa Software announced a round of layoffs this week as part of a reset strategy to optimize internal efficiency.

In a May 30 email to employees, Interim CEO Charles Goodman noted that the supply chain and procurement software company is “going forward with a smaller workforce” as part of the company’s 2023 operating plan.

Goodman shared that the reductions are not performance-based, but instead based on position overlap and Coupa’s near-term business needs.

“Through this action, we will move forward with a leaner, flatter structure, with fewer layers and leaders closer to the business,” the CEO wrote in the email. “We’re also taking steps to expand manager span of control, which should result in tighter organizational alignment, greater autonomy for teams, and faster decision making.”

Although Coupa was recently acquired by software investment firm Thoma Bravo in late February, Goodman said that the layoffs were not prompted by new ownership.

Coupa employs more than 3,000 individuals, according to the company’s 2022 environmental, social and governance report.

The company did not disclose in the email how many employees will be impacted by the decision, and did not specify a number when asked, instead providing Supply Chain Dive with a statement.

In the statement, Coupa said it was “the right moment to reset our company” given its push to balance growth with profitability. It also mentioned the company would be closing underutilized offices.

The California-based company has more than a dozen offices in the U.S., and roughly 40 locations worldwide focused on regional markets and extended sales, according to its website.

Employees took to LinkedIn to discuss the layoffs and seek new opportunities.  Industry peers also chimed in, saying the cuts are “truly heartbreaking” and “disheartening.”

LinkedIn posts suggest some of the jobs cut include sales, audit coordinators, tech consultants and more.

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