factory

Pitch

corporate_fare

Berlin, Non-U.S.

where_to_vote

Marketing

paid

Funding Stage - Series B

person

Layoff Count - 59

Posted on September 20, 2022

Tiger-backed startup Pitch lays off 30% of staff

Earlier this year, the startup announced that it would pause hiring in anticipation of market conditions declining.
But, Reber says in a separate post on Notion, “the ongoing VC pullback” combined with “almost all technology companies globally… aggressively cutting costs” has further affected the business. Making these cuts now is part of a plan to extend the company’s runway until the end of 2026, he says.