Latch Layoffs
July 2023
Latch announced a layoff affecting 0 employees (59% of its workforce) in July 2023. The company operates in the Security sector.
0
59%
Jul 10, 2023
About
Latch, Inc., a company in the business support services sector, announced a significant workforce reduction on July 10, 2023. As part of a strategic initiative to enhance operational discipline and efficiency following its acquisition of Honest Day's Work, the company plans to cut approximately 59% of its U.S.- and Taiwan-based employees by November 1, 2023. This move aims to reduce operational spend, leverage a global workforce, and create a scalable foundation for future growth. The restructuring includes forming a new leadership team and establishing a centralized office in St. Louis for certain U.S.-based roles.
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