Sonder Slashes Workforce by More Than 20 Percent, Including Top Tech Exec
Skift Take
The hospitality brand has had to take action to reassure investors it's not over-stretching itself, because they'll now be expecting much higher revenues as travel roars back.
Next-generation hospitality company Sonder has restructured its operations, cutting 21 percent of corporate roles and seven percent of frontline roles, including its chief technology officer.
The moves comes after rapid expansion ahead of its public debut earlier this year. The company started trading publicly in January after merging with a special purpose acquisition company merger. Shares have plunged more than 80 percent so far this year.
Overall Sonder w
