OtherAU

Whispir Layoffs

November 2022

Whispir announced a layoff affecting 0 employees (30% of its workforce) in November 2022. The company operates in the Other sector.

People Affected

Percentage

30%

Announced Date

Nov 15, 2022

About

Whispir, a cloud-based communications technology company, is laying off 30% of its workforce to accelerate its path to cashflow breakeven and achieve millions in annual savings. The job cuts, announced in mid-November 2022, were welcomed by investors, leading to a more than 40% surge in its share price. The company, which had faced balance sheet concerns, is restructuring to improve its financial sustainability in the competitive tech industry.