Esper, a Seattle-based startup that operates a DevOps platform for purchasers that handle fleets of company-owned Android units, has laid off 12% of its employees.
The corporate confirmed the cuts to Startup. It didn’t present a quantity for whole workers affected, or whole headcount after the layoffs.
Esper has greater than 260 workers, in response to LinkedIn, and employed 150 folks when it raised a $60 million Collection C spherical in October.
“Right now, as a part of an organization restructuring, Esper has diminished its workforce by 12%,” an organization spokesperson mentioned in a press release. “Primarily based on the present financial local weather and projections for future entry to enterprise capital, we made the powerful resolution to eradicate roles and scale back expenditures. It’s rooted in altering our plan in order that Esper can function with the funding that we at present have and obtain income targets that can maintain us past the following two years.”
An affected worker who mentioned he was promoted three weeks in the past wrote on LinkedIn that the layoffs had been made with out e mail or name notification — “simply locked out of my units.” Replace: An Esper spokesperson mentioned “each affected worker was personally contacted to share this unlucky information earlier than system modifications had been made.”
Esper is the most recent tech firm to slash employees amid an unsure economic system affected by inflation and different components. Enterprise capitalists are advising startups to chop bills and lengthen their money runways.
Based in 2018 by Microsoft vets Yadhu Gopalan and Shiv Sundar, Esper helps firms with improvement, deployment, and upkeep of units used throughout industries similar to healthcare, schooling, retail, eating places, and extra. The concept is to beef up conventional cellular gadget administration (MDM) software program with fashionable DevOps capabilities.
Perception Companions led the Collection C spherical, which got here shortly after the corporate raised a $30 million Collection B spherical in Could 2021. Different backers embrace Scale Ventures, Madrona Enterprise Group, and Root Ventures. Complete funding up to now is $100 million.
Esper employed a brand new CFO, David Barclay, in April.
The corporate was a finalist for Deal of the 12 months on the Startup Awards 2022.