Propzy Layoffs
September 2022
Propzy announced a layoff affecting 0 employees (100% of its workforce) in September 2022. The company operates in the Real Estate sector.
0
100%
Sep 13, 2022
Company Information
- Industry
- Real Estate
- Country
- VN
- Region
- Ho Chi Minh City, Non-U.S.
About
Vietnam's proptech startup Propzy, which had been backed by investors like SoftBank Ventures, has shut down its operations as of September 2022. This closure resulted in all employees being laid off, effectively a 100% reduction of its workforce. The shutdown follows earlier restructuring efforts, including laying off over 50% of staff, as the company struggled with business challenges in the competitive real estate technology sector. The exact total number of employees at the time of closure was not specified, but the startup had scaled significantly with notable funding before its demise.
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support@layoffs.nlCompany Information
- Industry
- Real Estate
- Country
- VN
- Region
- Ho Chi Minh City, Non-U.S.