Slync

Slync representing approximately 100% of its workforce on 2023-10-25.

Slync.io, a Goldman Sachs-backed supply-chain technology startup, laid off an unspecified number of employees on August 5, 2022, following months of financial turmoil. The layoffs occurred across various departments, coming just hours after the company finally paid overdue wages that had been delayed for nearly three months. Concurrently, the board terminated CEO and cofounder Chris Kirchner, who had been suspended the previous week amid the company's liquidity struggles and his controversial personal activities, including attempts to buy a football club. Interim president Tim Kehoe had foreshadowed this restructuring, citing efforts to stabilize the company's finances. The layoffs, part of a broader leadership and operational shake-up, reflect the severe cash-flow challenges faced by the startup in the competitive logistics tech industry.