Tropic Layoffs
October 2023
Tropic announced a layoff affecting 26 employees in October 2023. The company operates in the Finance sector.
26
Oct 20, 2023
About
Tropic, a procurement software company, has laid off 26 employees as part of a restructuring to align with its 2024 strategy. This move, announced by CEO David Campbell, reflects the company's transition from a tech-enabled services business to a scalable SaaS model following the launch of its unified platform, Tropic 2.0, in May. While the exact percentage of the workforce affected is not specified, the layoffs are aimed at optimizing team structures for efficiency in a shifting market. The decision, though difficult, is intended to position Tropic for long-term growth and hyper-scale, with efforts underway to support impacted employees in finding new opportunities.
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