London-based carbon accounting startup Emitwise has laid off an undisclosed number of employees as part of a "right-sizing" effort amid a challenging economic environment. The climate tech firm, which had 70 staff as of early October 2022, operates in the carbon management software industry, serving sectors like automotive and construction. While the exact scale of layoffs wasn't revealed, the move reflects broader pressures in the tech sector, even as climate tech has attracted significant investment. Emitwise, backed by investors including ArcTern Ventures, joins other climate startups like Infarm and Turntide in adjusting its workforce due to macroeconomic headwinds.
