Posted on August 11, 2022
Australian social media tech unicorn Linktree is reducing its global workforce by 17 per cent in the face of the challenging economic environment and tight capital market for tech start-ups.
The redundancies come despite the $US1.3 billion ($1.86 billion) business raising $US110 million in March, from investors such as Index Ventures, Coatue Management, Greenoaks, local fund AirTree Ventures and Insight Partners.
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