Posted on August 04, 2022
0n Deck, a tech company that connects founders to each other, capital and advice, has conducted another round of layoffs just three months after laying off a quarter of its staff. Sources say that more than 100 people were impacted by the workforce reduction, accounting for half of the entire staff, while the company — which confirmed the layoff to TechCrunch over e-mail — said that 73 full-time employees were laid off.
When asked about the discrepancy in figures, and whether more people were impacted under a different employment status such as contractors, an On Deck spokesperson said that they have no further comments. The company is providing all those leaving the company with eight weeks of severance, three months of accelerated option vesting and three months of healthcare coverage. Those interested in hiring laid off talent can request access to a list of people looking for new roles.
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