https://layoffcheck.com/companies/miro Layoff and WARN notices reported for Miro. en-us https://layoffcheck.com/companies/miro#2024-10 https://layoffcheck.com/companies/miro#2024-10-578 Wed, 30 Oct 2024 12:00:00 GMT Miro, the collaborative whiteboard startup valued at $17.5 billion, laid off around 275 employees in October 2024, cutting 18% of its global workforce. CEO Andrey Khusid cited organizational sprawl rather than financial distress: "Our internal organizations have become too complex, we have too many layers, some duplications in roles, and candidly, we're not set up to execute on our strategy with the speed and flexibility that success will require." The company had been profitable and had not raised venture capital since a $400 million Series C in 2021, but faced mounting competitive pressure in the crowded productivity and collaboration software market. Former employees pointed to unclear product direction as Miro tried to expand beyond its core whiteboard tool, having grown its headcount aggressively relative to its roughly $600 million in annual revenue. The October cuts were the company's second round of reductions in roughly two years, following 119 jobs eliminated in February 2023. No severance details were made public. https://layoffcheck.com/companies/miro#2023-02 https://layoffcheck.com/companies/miro#2023-02-2217 Thu, 02 Feb 2023 12:00:00 GMT Miro reported a workforce reduction in SF Bay Area in February 2, 2023.