Veev Layoffs
November 2022
Veev announced a layoff affecting 100 employees (30% of its workforce) in November 2022. The company operates in the Construction sector.
100
30%
Nov 11, 2022
About
Veev, a proptech startup specializing in technology-enabled homebuilding, laid off approximately 100 employees in November 2022, representing about 30% of its workforce. This reduction occurred just eight months after the company raised a $400 million Series D round, bringing its total funding to $600 million and achieving unicorn status. The layoffs were attributed to a strategic shift to focus on developing low-rise housing units, leading to cuts in the team working on high-rise solutions. Prior to the layoffs, Veev employed around 350 people globally, including 100 in Israel.
Related Events
More Construction Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl