factory

Loop

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Finance

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Washington D.C.

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Funding Stage - Series A

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Layoff Count - 15

Posted on August 24, 2022

Layoffs at Loop

The startup, which closed a $21 million Series A round last September, laid off around 15 employees, or about 20% of its workforce. The layoffs impacted the marketing and data science teams.

In May, Loop co-founder and co-CEO John Henry shared a post on LinkedIn on how the company is navigating the VC downturn. The first point that was discussed is customer acquisition and how Loop is diversifying its acquisition channels.