July 24, 2024
FrontDesk fired all 200 employees in Google Meet call in 2 minutes; Internet demands sympathy during layoffs


US-based proptech startup FrontDesk has entered layoff season 2024, by laying off its entire team over a 2-minute Google Meet call! The company, which manages more than 1,000 furnished properties for short-term rentals in the United States, decided to lay off 200 of its employees. Apart from contractors, this layoff also includes full-time and part-time employees. The tragic layoffs follow Freshdesk’s acquisition of rival Zencity seven months ago. The company has since failed to raise enough capital to sustain itself. FrontDesk CEO Jesse DePinto laid off 100% of employees in a two-minute call, according to a company employee. During the call, DePinto told employees that FrontDesk was filing for state receivership rather than bankruptcy. FrontDesk was founded on January 1, 2017, by Jesse DePinto and Kyle Weatherly, and is headquartered in Milwaukee, Wisconsin, United States. Despite the layoffs, the company’s website, stayfrontdesk.com, is still active. However, its Instagram and Facebook accounts are currently unavailable. Comments are closed on its LinkedIn page. Most employees on its LinkedIn pages have updated their profile photos with the #OpentoWork banner.

In an interview in March 2023, co-founder Jesse DePinto dismissed the impact of AI in the short-term rental industry, describing it as similar to the metaverse and exaggerated. Despite recently raising $26 million in funding from investors like JetBlue Ventures, Sand Hill Angels, and Veritas Investments, FrontDesk couldn’t sell its vision to potential customers. Meanwhile, the internet described the layoffs as disrespectful and lacking in empathy.

See also: All discussion on toxic work culture

See also: More layoff stories on Mashable India

Source: in.mashable.com



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