Latch Lays Off 59% More Employees As Ex-Ring Founder Takes Over
Last year, Latch cut more than 50% of its employees. Now, with Ring's Founder becoming Latch's new CEO (effective later this year), Latch is cutting more than 50% of its employees again.
With such massive cuts, alongside the Ring Founder's Siminoff "HDW" startup effectively taking over Latch, we examine Latch's future.
For Background on Latch, see:
- Latch Misses On Revenue, $166 Million Loss For The Year
- Latch Manipulated and Inflated Bookings, Allege Ex-Employees
- Latch Expands Audit, Admits More "Errors", More Delays
- Latch Lays Off 130, Promotes Lee Odess
- Latch Now Cuts 50%+ of Employees - Financials Analyzed
- Latch CEO Is Forced Out, More Layoffs
- Ring Founder Taking Over Latch (Latch / HDW Merger) [Deal Complete]
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**. ****** *** * ******** ** Business ************** ****** *** ** ********* Master ** ******** ************** ****** **** the ********** ** ***** ****. ** is * ********* ********* ******* *** a ********* ****** **********.
****** **** ******* * **** ****** of $***,*** *** ** ******** *** a ****** ***** ** **% ** the ****. ** **** **** ******* an ******* ***** ** ***,*** ****, one-third ** ***** *** ********* ** vest ** *** ***** *********** ** his ***** ****, **** *** **** vesting ** ************ ******* *** ***** anniversary. *** ******* **** ****** ** "expected ** ******* *** ********* ********* of *****, ********* ********* ********, ********, reporting, *** ******** **********. ** **** work ******* **** *** ********* **** to ********** *********, ***** **** ************ initiatives, *** ******* ********** ******** ** support ******** ********-******."
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***** **** *** * *** ** of **********, **** ** ******, *** head ** *****,*** ******* *********. ****** *****, ******** **** ** operations ** *** *** ***** ** staff *** ******** ** ****, ******* this ***** ** ** ** ********** for *****.********* ** *** ******* ** ********,*** *** **** ****** ** * staff ****** *** *** *.*. ***** Committee ** ******* *******, *** *.*. House ********* ** ******** ********.
*****'* *** **** ** *****, ***** Peckham, ********** ****** ** **** ********* of ***** *** ****** ******** *** and *********,********* ** *** ********. *** *** **** ** ******, Eugenia ***********, *** ********** **** ** people *** *** *** ******** ******** for ****** *******,********* ** *** ********.
***** ******* *** ** ** ** emphasize **** ******** ** *** *********** CEO *** *** ** **** ******* the **** ** ******* ****.
**** *****, ***** ** *** ********* made *** *** ****** **** ******** backing ***** *********, ** ********, **** is * **** ** ******* *** is ******* *** *******, *** ***** or ***.
*** * **** ** ** ***** purchase ** ****** ***** ** **** it ** ********!!
** ** ****'* **** *** * mortgage ** *** ***** *** *** at ***** ***,*** ******, **** **'* just * *****.
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***** ******** ***** **** **'* ****** the ***** ********* ****, ** ***** to ***.
*'* *** ** ******* *** ** 'Corporate **********' ** ********...