Bullhorn, a software provider to the staffing industry, laid off 9% of its workforce, CEO and founder Art Papas announced in an Oct. 19 blog post.

Citing the downturn in the staffing industry following the “explosive growth” observed coming out of the pandemic, Papas said the layoffs were an “incredibly difficult decision” and that Bullhorn did everything it could to avoid cutting staff. 

“We were staffed in anticipation of higher growth, and I take responsibility for that,” he wrote. “We felt this action was necessary to align our workforce with the economic environment the industry is facing.” 

“This was a painful decision because we’ve had to part ways with some very talented alumni, all of whom have played a significant role in our continued growth and success,” the post states. “These employees aren’t just coworkers, they’re our friends. We’ve provided generous transition packages, and we’ll do everything we can to support them in their transition over the coming weeks.” 

The full post is available online.