Automattic, the parent company of WordPress.com, is laying off about 16 percent of its workers. In a memo posted to the company’s website, CEO Matt Mullenweg says he’s making the change to “protect Automattic’s long-term future.”

Before the layoffs, Automattic’s website listed the company as having 1,777 employees. The company has since decreased its employee count to 1,495, meaning around 280 staff members were affected by the job cuts.

“We have reached an important crossroads,” Mullenweg writes in his memo. “While our revenue continues to grow, Automattic operates in a highly competitive market, and technology is evolving at unprecedented levels. To support our customers and products, we must improve our productivity, profitability, and capacity to invest.”