TravelUS

Evolve Layoffs

May 2023

Evolve announced a layoff affecting 164 employees (14% of its workforce) in May 2023. The company operates in the Travel sector.

People Affected

164

Percentage

14%

Announced Date

May 29, 2023

About

Vacation rental property manager Evolve is laying off 164 employees, representing 14 percent of its workforce. The company's CEO, Brian Egan, cited a challenging market environment where supply growth has significantly outpaced demand, leading to increased volatility. This reduction is part of Evolve's efforts to navigate the dynamic conditions within the travel industry.