Posted on August 11, 2022
Uberflip has joined the slew of tech companies that have had to make staff reductions amid the changing macroeconomic environment.
The Toronto-based startup has let go of 31 employees, approximately 17 percent of its workforce based on LinkedIn noting a headcount of 182 people. One Uberflip employee put that number closer to 20 percent in a LinkedIn post.
In a LinkedIn post on Thursday, Uberflip co-founder and CEO Yoav Schwartz cited “the current unsteady economy” as the reason for the cut, adding that the economic environment “made the short term future less predictable.” He noted that the layoffs followed “big investments” to scale the Ubeflip team in recent years in order “to be ready for the growth we’ve experienced and the growth we anticipate is ahead.”
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