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updating to provide information on Formstack's controversial layoffs |
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The platform integrates with over 100 web applications, including apps for CRM management, [[email marketing]], payment processing, and document management. Other product offerings include [[conversion rate optimization]] tools for marketers, workflow automation for Salesforce, and solutions for [[Health Insurance Portability and Accountability Act|HIPAA compliance]].<ref>{{Cite news|title=Formstack Releases HIPAA Compliant Forms|language=en-US|url=http://finance.yahoo.com/news/formstack-releases-hipaa-compliant-forms-130000766.html|access-date=2017-04-03}}</ref>
== Controversies ==
In May 2023, Formstack laid off over 100 of its employees; this reduction eliminated over 40% of its workforce.<ref>{{Cite news|title=Fishers-based Formstack announces significant layoffs|language=en-US|url=https://www.insideindianabusiness.com/articles/fishers-based-formstack-announces-significant-layoffs|access-date=2023-09-18}}</ref> Chris Byers, the CEO of Formstack, announced the reduction in force on LinkedIn saying it was a "part of a larger plan to put Formstack in a place to continue to succeed and grow for the long term."<ref>{{cite web
| url = https://www.linkedin.com/posts/rchrisbyers_today-has-been-a-very-hard-day-formstack-activity-7064618034325327872-Pm8s/
| title = Chris Byers on LinkedIn
| publisher = LinkedIn
| access-date = 2023-09-18
| quote = Today has been a very hard day...
}}</ref> Local news sources and prior employees note the reduction came approximately 18 months after Formstack had received a $425 million funding round from Silversmith Capital.<ref>{{Cite news|title=Fishers-based Formstack announces layoffs, employees say as many as 40% cut|language=en-US|url=https://www.indystar.com/story/news/local/hamilton-county/fishers/2023/05/18/fishers-based-formstack-becomes-the-latest-in-wave-of-tech-layoffs/70231832007/|access-date=2023-09-18}}</ref> To date, Byers has not provided a reason for nor a statement about the reduction in force. As a result of the layoffs, current and former employees expressed their grievances on Glassdoor en masse. As of September 2023, Formstack's approval rating on Glassdoor remained 2.5 stars out of 5, with only 21% of reviewers approving of Byers and being willing to recommend Formstack to a friend.<ref>{{cite web
| url = https://www.glassdoor.com/Reviews/Formstack-Reviews-E806586.htm
| title = Formstack Reviews: What Is It Like to Work At Formstack?
| publisher = Glassdoor
| access-date = 2023-09-18
}}</ref>
== References ==
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