Latch, a proptech meets SaaS play, conducts two consecutive weeks of layoffs — TechCrunch

Latch, a proptech smart lock company that raised $152 million in known private capital before debuting on the stock market through a SPAC last year, is conducting another round of layoffs. Earlier this month, the startup cut 30 people, or 6% of its total staff, per an email obtained by TechCrunch. Now, as confirmed by a late Friday press release, Latch announced that it has cut a total of 130 people, or 28% of its full-time employee base. Sources say the cuts impact chief revenue officer Chris Lee and VP of sales Adam Sold. In the email viewed by TechCrunch, Latch CEO Luke Schoenfelder told st… Read more on https://tech.planetic.net/latch-a-proptech-meets-saas-play-conducts-two-consecutive-weeks-of-layoffs-techcrunch/?feed_id=9535&_unique_id=62bde32d9aa80