Latch, a proptech meets SaaS play, conducts two consecutive weeks of layoffs

In the email viewed by TechCrunch, Latch CEO Luke Schoenfelder told staff that the first round of layoffs were conducted to “ensure Latch is on a path to sustainable growth.” He also said that Latch will be reducing some areas of the business, but unsure if that means cutting entire products or just shrinking resources behind each vision. TechCrunch reached out to Latch about this week’s layoffs but has not yet heard back at time of publication.