Loop

Loop, a company in the e-commerce and customer retention industry, has undergone a strategic shift, leading to layoffs of an unspecified number of employees, referred to as "Loopers." This restructuring coincides with a leadership change, as CEO Jonathan Poma stepped down and transitioned to an Executive Director role, appointing Hannah Bravo as the new CEO. The layoffs and leadership transition are part of a broader realignment of company priorities and goals for the coming years. Loop serves over 4,000 merchants, indicating it operates at a significant scale within its sector. The announcement was made in a LinkedIn post by Poma, though the exact date of the layoffs and precise figures regarding the workforce reduction were not disclosed.

Loop, a car insurance startup, has laid off staff after struggling to raise funds for 20 months, with an investor pulling out at the last minute. The layoffs were announced on June 16, 2024, impacting roles such as insurance agents, customer care, data analytics, marketing, software engineering, and product, though the exact number of affected employees is unclear.

Loop laid off 19 employees representing approximately 25% of its workforce on 2023-03-30.

Loop laid off 15 employees representing approximately 20% of its workforce on 2022-08-24.