On Deck Layoffs
August 2022
On Deck announced a layoff affecting 73 employees (33% of its workforce) in August 2022. The company operates in the Education sector.
73
33%
Aug 4, 2022
About
On Deck, a tech startup that connects founders with resources and networks, laid off 73 full-time employees in August 2022, representing about a third of its staff. This followed a previous round of layoffs just months earlier, where a quarter of employees were cut. The company, which had grown rapidly to serve over ten thousand founders and professionals, cited a need to refocus after expanding too broadly across multiple communities. As part of the restructuring, On Deck spun off its career advancement arm and sunsetted several programs, including a climate tech fellowship. Affected employees received eight weeks of severance, accelerated option vesting, and healthcare coverage.
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