Thread regarding Getty Images Inc. layoffs

2017 Technology/Product layoffs

April 20, 2017

Dear all,

We are writing to you all today to share important news about realignment and investment in Getty Images’ Technology and Product functions.

Our significant investments in Technology and Product over the last few years have provided key benefits for customers, contributors and our partners. This journey, including the unification of the Getty Images and iStock platforms, has been part of the maturing and growth of our business; the investments we’ve made and partnerships we’ve struck have made us stronger. Some of these investments, including projects such as IPS, IPM, and unification, have helped us reduce our technical debt, reduce some of our tax burden, and unify our platforms.

Today we are announcing organizational changes to re-align the Technology and Product teams post-unification to an appropriate level of investment; positioning us to continue to move the platform forward. Based on these changes, there will be positions across the Technology and Product functions that are redundant.

We appreciate this is upsetting news; please know that we are absolutely committed to helping employees whose roles are impacted find new opportunities. No one is leaving immediately - all impacted employees will have a lengthy transition with time to seek future employment. We will complete these conversations today and your leadership will notify you as soon as communication to your team is complete.

The work of these teams will continue to be top priority – this realignment will enable our functions to create the products, services and technologies that will allow us to break new ground and get ahead of the needs of consumers in this rapidly changing digital world. Our business was built on innovation which continues to be a key focus for Getty Images; it is extremely important - even more so as market leader - that we continue to invest in key areas that contribute to the ongoing success and future growth of our business.

We appreciate your patience and support and will keep you all updated.

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The only global photo agency which has managed to run the other direction from diversity, having shed all color long ago.

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