SalesUS

Brainbase Layoffs

July 2022

Brainbase announced a layoff affecting 0 employees in July 2022. The company operates in the Sales sector.

People Affected

Announced Date

Jul 28, 2022

About

Brainbase, a modern technology platform for intellectual property and licensing management, underwent a restructuring in 2022 that returned control to its founders. As part of this move, the company raised $1 million in new capital and achieved profitability. While specific layoff numbers were not disclosed, the company acknowledged its team became "a bit smaller" due to the restructuring, which was driven by slowed growth in the licensing industry amid economic challenges. The restructuring aimed to ensure long-term sustainability, allowing Brainbase to continue serving major global brands with its platform.