ProductUS

Loom Layoffs

October 2022

Loom announced a layoff affecting 23 employees (11% of its workforce) in October 2022. The company operates in the Product sector.

People Affected

Percentage

11%

Announced Date

Oct 20, 2022

About

Loom, a video messaging platform, conducted a layoff in early 2023, affecting approximately 34 employees, which represented about 14% of its workforce at the time. The company cited a need to streamline operations and extend its financial runway amid broader economic challenges in the tech industry. This restructuring aimed to focus resources on core product development and long-term growth.