Hopin Layoffs
July 2022
Hopin announced a layoff affecting 242 employees (29% of its workforce) in July 2022. The company operates in the Other sector.
242
29%
Jul 11, 2022
About
Live events startup Hopin, valued at $7.75 billion, is laying off 242 employees, which represents 29% of its workforce of about 834 people. This marks the company's second round of job cuts in 2022, following a 12% reduction earlier in February. The UK-based virtual and hybrid events platform, which saw rapid growth during the pandemic, cited the challenging macroeconomic climate and the need to streamline its operations for sustainable, profitable growth. As the world shifts back to in-person events, Hopin faces reduced demand for its services, prompting this significant restructuring to focus on its core mission of connecting people through technology.
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