Carta Layoffs

April 2020

Carta announced a layoff affecting 161 employees (16% of its workforce) in April 2020. The company operates in the HR sector.

People Affected

161

Percentage

16%

Announced Date

Apr 15, 2020

About

Carta, a fintech company providing equity management software, laid off 161 employees last week, representing 16% of its workforce across all departments. The layoffs were part of a restructuring effort, with the company citing a need to streamline operations. Affected employees are receiving a generous severance package, including three months of pay and healthcare coverage through the end of the year. The company operates globally with offices in San Francisco, Salt Lake City, and Rio de Janeiro.