Clearco co-founder Michele Romanow steps down, cuts 30% of staff

Clearco co-founder Michele Romanow steps down, cuts 30% of staff

a year ago
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https://techcrunch.com/2023/01/17/clearco-co-founder-michele-romanow-steps-down-cuts-30-of-staff/

In pursuit of profits, Clearco co-founder Michele Romanow has stepped down as chief executive of the company around a year after assuming the official role. The shift comes alongside yet another round of layoffs, this time impacting 30% of staff across all teams, Romanow confirms.

Now, Clearco only has 140 staff, down from 500 just last year. “We don’t ever lie, we are under the same pressures as every other company to become a profitable business. And so we’ve just continued to make the hard decisions..and continue to be ahead of the curve,” Romanow said in an interview with TechCrunch, explaining the shift.