Houzz lays off 155 employees, cuts executive salaries

Houzz lays off 155 employees, cuts executive salaries

4 years ago
Anonymous $9CO2RSACsf

https://techcrunch.com/2020/04/21/houzz-lays-off-155-employees-cuts-executive-salaries/

Houzz, an online platform for home renovation and design, has laid off 155 employees, roughly 10% of its staff, per an internal memo obtained by TechCrunch. Executive salaries also took a cut.

The company, last valued at $4 billion, confirmed the content of the memo in a statement to TechCrunch.

Houzz lays off 155 employees, cuts executive salaries

Apr 21, 2020, 8:19pm UTC
https://techcrunch.com/2020/04/21/houzz-lays-off-155-employees-cuts-executive-salaries/ > Houzz, an online platform for home renovation and design, has laid off 155 employees, roughly 10% of its staff, per an internal memo obtained by TechCrunch. Executive salaries also took a cut. > The company, last valued at $4 billion, confirmed the content of the memo in a statement to TechCrunch.