Carta Layoffs

January 2023

Carta announced a layoff affecting 0 employees (10% of its workforce) in January 2023. The company operates in the HR sector.

People Affected

Percentage

10%

Announced Date

Jan 11, 2023

About

Carta, a $7.4 billion equity management platform, has laid off approximately 10% of its workforce, affecting around 200 employees, in January 2023. CEO Henry Ward cited the broader downturn in the tech and venture ecosystem, stating that customer struggles directly impact the company. This reduction follows similar cost-cutting measures in travel and vendor spending. The layoffs coincide with a lawsuit against its former CTO for alleged misconduct and reported customer dissatisfaction with service continuity. Severance includes 2.5 months of pay plus additional weeks per year of service, with support for visa holders and mental healthcare.