ProductUS

Productboard Layoffs

November 2022

Productboard announced a layoff affecting 100 employees (20% of its workforce) in November 2022. The company operates in the Product sector.

People Affected

100

Percentage

20%

Announced Date

Nov 15, 2022

About

Czech startup Productboard laid off 100 employees, representing 20% of its workforce, in November 2022. The company, a product management platform provider valued as a unicorn, cited the deteriorating macroeconomic environment and reduced corporate demand for new software as reasons for the difficult decision. Despite raising significant funding earlier that year and maintaining healthy finances, the founders proactively reduced costs to prepare for anticipated tougher times ahead.