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a16z-backed Loom lays off 14% of staff, one year after becoming a unicorn


Loom, an enterprise collaboration video messaging service, has laid off 34 employees, or 14% of its total staff, sources say. Employees across product and people operations were impacted.
The venture-backed company confirmed the layoff and number of people impacted, and provided the following statement from founder and CEO Joe Thomas:
We’ve had to make the extremely difficult decision to move forward with a reduction in force across our team. Each person impacted was not only a talented employee, but also a valued individual and teammate. We’re committed to supporting these employees through this transition both in their offered severance as well as career support. We’re confident in the path ahead for Loom. This decision was ultimately mad …

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