January 3, 2024Business Desk

Frontdesk terminates 200 employees as it winds up operations

Frontdesk, a Milwaukee-based startup specialising in managing over 1,000 furnished apartments across the United States, has reportedly laid off its entire workforce of approximately 200 employees.

Source: Unsplash

This announcement came on Tuesday after the firm's efforts to secure additional capital fell through.

Source: Unsplash

FrontdeskThe mass layoff unfolded during a concise Google Meet session, where CEO Jesse DePinto conveyed the company's intention to initiate a state receivership.

Source: Frontdesk

Started in 2017, Frontdesk had garnered approximately $26 million in funding from notable investors including JetBlue Ventures, Veritas Investments, and Sand Hill Angels.

Source: Unsplash