Cvent Lays Off 100; DoubleDutch Slashes Workforce

The effects of consolidation in the meetings technology marketplace are beginning to emerge, in the form of massive job cuts.

According to multiple industry sources, Cvent laid off approximately 100 employees on Monday, all of whom were employed by Lanyon before the merger occurred at the end of November 2016. Some layoffs were effective immediately, while other, higher-level positions were staggered through the end of the first or second quarter, according to sources. Cvent has not responded to a request for details or confirmation.

The cuts come on the heels of a massive reduction in headcount at event app and analytics platform DoubleDutch, which just last week laid off about 40 percent of its workforce. According to TechCrunch, DoubleDutch eliminated about 70 positions, including a number of senior-level executives. Just last summer, DoubleDutch restructured and cut what was then a quarter of its workforce.

Meanwhile, long-time industry vets are being tapped for positions with newer meetings-tech platforms. Groupize today named three former Lanyon execs to its team. Michael Boult, whose roles have included chief commercial officer of Lanyon and president and CEO of StarCite, is joining the Groupize board. Boult currently leads the Business Travel Center of Excellence for Travel Leaders Network. Todd Tyler, an experienced investor and adviser who for more than 12 years was the president, CEO, director and owner of Lanyon, is now a Groupize adviser. And former StarCite and Lanyon veteran Jay Reilly is the new vice president of corporate sales for Groupize.