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Latch layoffs a symptom of slowing tech sector despite strong jobs report

August 16, 2022Ken Showers, Managing Editor

NEW YORK – Last week, smart access SaaS company Latch Inc. announced restructuring in order to increase its operating efficiency. In the official press release, the company stated the August workforce reduction would affect 115 employees, 37 percent of its full-time employees. “Under this plan, Latch will renew its focus on higher margin activities with customers, continue to grow new high margin recurring revenue, and more closely align its organizational structure...

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