Flytedesk Layoffs
March 2020
Flytedesk announced a layoff affecting 4 employees (20% of its workforce) in March 2020. The company operates in the Marketing sector.
4
20%
Mar 18, 2020
About
Flytedesk, a Boulder-based startup specializing in college campus and newspaper advertising, laid off four employees on Friday, representing 20% of its approximately 20-person workforce. The cuts were a direct response to the coronavirus pandemic, which has forced widespread campus closures and a shift to online classes, severely impacting the company's core business model. CEO Alex Kronman stated the layoffs were a necessary measure to plan for the future, emphasizing that the move was limited and that the company is now focused on supporting its advertisers and college media partners. The affected employees were offered severance packages and healthcare. Founded in 2015, Flytedesk has raised nearly $5.4 million in funding and works with 2,300 college campuses nationwide.
More Marketing Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl