Latch Layoffs
May 2022
Latch announced a layoff affecting 30 employees (6% of its workforce) in May 2022. The company operates in the Security sector.
30
6%
May 10, 2022
About
Latch, a smart access technology company, laid off employees in May 2022 as part of a broader wave of tech industry cutbacks. While the exact number of affected employees at Latch was not specified in this report, the layoffs occurred during a period of widespread workforce reductions across startups and tech firms, driven by economic recalibration and strategic shifts. The company, operating in the proptech industry, was adjusting to market pressures that prompted many businesses to streamline operations. This move reflects the challenging environment for tech companies at the time, as they navigated funding changes and evolving business priorities to ensure sustainability.
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