Latch to reduce U.S. and Taiwan workforce by 59%

The company states: “Following the completion of the Honest Day’s Work acquisition earlier this month, Latch, Inc. = announced its commitment to enhancing operational discipline and efficiency within the organization. As part of this strategic initiative, the company expects to reduce its current U.S.- and Taiwan-based workforce approximately 59% by November 1, 2023. HDW’s talent philosophy and global team have enabled Latch to quickly execute on cost savings, and the decreased U.S.- and Taiwan-based headcount should allow for additional cost cutting measures to be implemented on SaaS software licenses and other systems.”