'Unless you are growing at 50%...you don't get to burn money': Culture Amp CEO changes gear as market shifts
The Australian unicorn faces slowing growth and persistent losses as AI sweeps tech and workplaces shift from culture and DEI. But Didier Elzinga insists he has a plan.
Despite a recent writedown by one of its largest investors, layoffs, and its latest financial accounts revealing slowing revenue growth, Culture Amp chief executive Didier Elzinga has expressed confidence in the human resources software unicorn's outlook in the AI era.
“The mission we set out to solve is still the mission we have, and I think we’re at a really interesting point where technology is changing at warp speed,” he tells Capital Brief in a wide-ranging interview.
“I’m actually more confident in our ability to deliver on that mission now than at any point in the company’s life. But it’s also much harder — this is a much more difficult economic environment than there’s ever been.”
Last week Capital Brief reported that Culture Amp had laid off 6% of its workforce and that VC firm Blackbird had written down the value of its holding in the company by 23.5% amid slower growth.
