Panther Layoffs

June 2023

Panther announced a layoff affecting 0 employees (100% of its workforce) in June 2023. The company operates in the HR sector.

People Affected

Percentage

100%

Announced Date

Jun 19, 2023

About

Panther, a company in the HR tech industry focused on international hiring and payroll, is winding down its operations entirely as of June 2023. This decision effectively results in a 100% layoff of its team, as the company is shutting down. The announcement, made by CEO Matt Redler, cited the immense challenge of the market and the emergence of well-resourced competitors like Remote, to whom Panther is transitioning its customers. The company's platform will cease payments by July 10, 2023, with the team available to assist with the transition until the end of July. This closure marks the end for the startup, which aimed to streamline global employment.