Bench Layoffs

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Bench, the accounting and tax fintech startup, conducted a significant round of layoffs in late April or early May 2025, affecting dozens of positions. This represents a substantial portion of its approximately 300-person workforce, with departments like client success and tax services directly impacted, including most of the U.S.-based tax advisory team. The layoffs were implemented by Employer.com, the San Francisco HR tech company that acquired Bench in a $9 million fire sale in December 2024 after the startup burned through over $160 million in funding and shut down. Employer.com cited the difficult realities of turning the business around and addressing legacy issues as the reason for the cuts. The company, which had re-hired most of Bench's staff after the acquisition, had also kept a majority of the workforce on temporary, month-to-month independent contractor agreements while planning to base most operations outside North America.

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