SalesCA

Loopio Layoffs

January 2024

Loopio announced a layoff affecting 0 employees (6% of its workforce) in January 2024. The company operates in the Sales sector.

People Affected

Percentage

Announced Date

Jan 29, 2024

About

Loopio, a software company specializing in response management solutions, has laid off 6% of its workforce. This difficult decision, announced by CEO Zak Hemraj, reflects broader challenges and changes within the software industry over the past 12-18 months. The layoffs are intended to allow the company to carefully manage resources and reinvest in product innovation and new capabilities. Loopio remains committed to its customers and market leadership. The company has encouraged job opportunities to be shared via a dedicated alumni email to support the affected employees.