Orchard Layoffs
June 2022
Orchard announced a layoff affecting 0 employees (10% of its workforce) in June 2022. The company operates in the Real Estate sector.
0
10%
Jun 23, 2022
About
Orchard, a real estate technology company, laid off 10% of its workforce due to mounting economic uncertainty and a challenging market climate. The decision, announced in a LinkedIn post, was described as one of the hardest the business has made, aimed at ensuring the company has sufficient runway to continue its mission. While the exact number of employees affected wasn't specified beyond the 10% figure, the company expressed deep gratitude for their contributions and committed to supporting them, including by sharing a list of impacted employees open to new opportunities.
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