Particle lays off 10% of staff and co-founder departs after ‘turbulent period’ [TechCrunch Blog]
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Source: TechCrunch Blog
San Francisco-based startup Particle But the company is only now emerging from what its co-founder and chief executive Zach Supalla Founded in 2012, Particle snagged $40 million But a recent email sent by Supalla to his staff — obtained by TechCrunch — shows the company is course-correcting after a recent revenue miss. The email, which the company confirmed was sent by the chief executive, said Particle laid off 14 staff members earlier this month, representing about 10% of the company. The layoffs of both engineering and support staff came just weeks after co-founder and chief technology officer Zachary Crockett quietly departed the company for “unrelated” reasons, said Supalla. (Crockett did not respond to a request for comment.) According to Supalla’s email to staff, Particle’s revenue goal in 2019 was $16 million, but it ended the year with $10.3 million. Supalla cited, among other things, “operational challenges” with the business that he said kept the company “from executing as
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