Latch Layoffs
August 2022
Latch announced a layoff affecting 115 employees (37% of its workforce) in August 2022. The company operates in the Security sector.
115
37%
Aug 2, 2022
About
Latch, a smart building software company, announced a workforce reduction on August 2, 2022, as part of a plan to improve operating efficiency. The layoffs affected approximately 115 employees, representing about 37% of its full-time workforce at the time. This move is aimed at refocusing the company on higher-margin activities and aligning its organizational structure with its business size. The reduction is expected to contribute to significant annualized operating savings, following similar changes announced earlier in May 2022.
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