Athennian, a Calgary-based legal tech startup providing entity management software, has undergone multiple rounds of layoffs and leadership changes over the past year as it transitions from a startup to a scaleup. In July 2023, the company laid off approximately 30 employees, following a previous round in September 2022. Since its peak headcount of around 100 in 2022, at least 40 employees have departed through layoffs or resignations, reducing its current team to about 87. This represents a significant reduction from 111 employees a year ago. Concurrently, the company has seen the departure of key executives, including its co-founder and COO, CTO, and two VPs. CEO Adrian Camara stated these changes are part of reorganizing teams and adding new leadership to prepare for the next level of scale, citing stable finances and increased demand. The layoffs reflect common growing pains after its Series B funding, aiming to streamline operations for future growth in the competitive legal technology industry.
