This company laid off its entire staff on a “two-minute” call
This company laid off its entire staff on a “two-minute” call
Frontdesk, a proptech startup operating over 1,000 furnished apartments, laid off its entire workforce of 200 people due to failed attempts at raising additional capital. The CEO, Jesse DePinto, announced the layoffs during a two-minute Google Meet call. The company, founded in 2017, managed apartments across the US and had raised $26 million from investors. Despite recent challenges, including difficulties in securing investors and high upfront costs, Frontdesk had previously posted job openings and expressed optimism about future fundraising. DePinto also mentioned that the company would be filing for a state receivership as an alternative to bankruptcy.
Frontdesk, a proptech startup operating over 1,000 furnished apartments, laid off its entire workforce of 200 people due to failed attempts at raising additional capital. The CEO, Jesse DePinto, announced the layoffs during a two-minute Google Meet call. The company, founded in 2017, managed apartments across the US and had raised $26 million from investors. Despite recent challenges, including difficulties in securing investors and high upfront costs, Frontdesk had previously posted job openings and expressed optimism about future fundraising. DePinto also mentioned that the company would be filing for a state receivership as an alternative to bankruptcy.
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Frontdesk, a proptech startup operating over 1,000 furnished apartments, laid off its entire workforce of 200 people due to failed attempts at raising additional capital. The CEO, Jesse DePinto, announced the layoffs during a two-minute Google Meet call. The company, founded in 2017, managed apartments across the US and had raised $26 million from investors. Despite recent challenges, including difficulties in securing investors and high upfront costs, Frontdesk had previously posted job openings and expressed optimism about future fundraising. DePinto also mentioned that the company would be filing for a state receivership as an alternative to bankruptcy. 
