Tomorrow

The consumer hardware startup Tomorrow has permanently shut down, resulting in the layoff of its entire workforce. The company, which was developing an AI-powered refrigerator designed to extend the shelf life of fresh produce, cited an extremely difficult funding environment and headwinds from tariff uncertainty as the primary reasons for its closure. Founder Andrew Kinzer announced the decision in late April 2025, explaining that capital-intensive, science-forward consumer hardware products have become a particularly tough sell for investors. The shutdown reflects the broader challenges within the hardware startup sector, where high costs and complex supply chains, exacerbated by trade policies, can stifle innovation even for ambitious ventures.

German sustainable fintech startup Tomorrow announced in December 2022 that it is laying off a quarter of its workforce, affecting around 30 of its 120 employees. The company, which operates a smartphone bank focused on green investments, stated the drastic staff cuts are necessary to ensure stability for the remaining team amid a broader fintech crisis. Despite raising millions in funding and introducing customer fees, Tomorrow reported significant losses of over 14 million euros, as it has not yet achieved profitability. The layoffs are part of cost-saving measures to help the company continue pursuing its mission of financing reforestation projects and sustainable funds.