Loom Layoffs
June 2022
Loom announced a layoff affecting 34 employees (14% of its workforce) in June 2022. The company operates in the Product sector.
34
14%
Jun 1, 2022
About
In June 2022, enterprise video messaging startup Loom laid off 34 employees, representing 14% of its workforce. The company, which had reached a $1.53 billion valuation and unicorn status a year prior, cited the need to operate more sustainably amid increased economic uncertainty. This move impacted teams across product and people operations. Like other remote-work beneficiaries during the pandemic, Loom saw rapid growth but later adjusted its strategy to ensure long-term viability. The Andreessen Horowitz-backed firm, serving millions of users globally, emphasized support for affected employees through severance and career assistance while expressing confidence in its future path.
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