Pitch Layoffs
January 2024
Pitch announced a layoff affecting 80 employees (67% of its workforce) in January 2024. The company operates in the Other sector.
80
67%
Jan 8, 2024
About
In January 2024, Berlin-based startup Pitch, the company behind collaborative presentation software, underwent a major restructuring. The company laid off approximately 80 employees, which represented about two-thirds of its workforce, reducing headcount from around 120. Co-founder and CEO Christian Reber stepped down, with CTO Adam Renklint taking over as the new CEO. The layoffs and leadership change were part of a strategic shift to abandon its previous hyper-growth, venture-backed model. Facing the challenging economic climate for startups in 2023 and acknowledging that expectations had become unsustainable, Pitch decided to reset its company and cap table with investors. The firm is now focusing on bootstrapping, pursuing profitability, and aiming for organic growth instead. Pitch had raised over $130 million from notable investors prior to this pivot.
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