$1.5 billion ZipRecruiter just laid off hundreds only days after the CEO told employees the business wasn't impacted by the coronavirus
Online job-hub company ZipRecruiter laid off 443 employees and furloughed dozens on Friday, just a few days after the CEO said in an all-hands meeting that the company was on track to hit its second-quarter revenue goals and wouldn't be affected by the coronavirus. The cuts hit across departments, including engineering and about two-thirds of the enterprise team, which works with big clients. Executives impacted included the chief marketing officer.ZipRecruiter last raised $156 million in an October 2018 Series B funding round led by Wellington Management and IVP that valued the company at $1.5 billion. Visit BI Prime for more stories.ZipRecruiter CEO Ian Siegel had a reassuring message for the company's roughly 1,300 employees at a virtual all-hands meeting last Monday: the business was safe.The
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from Business Insider India https://ift.tt/2xzaocm
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