Property and infrastructure software start-up Willow, which is backed by ex Macquarie Group boss Nicholas Moore, has laid off 22 per cent of it full-time staff and contractors amid technology sector’s valuation woes.
, has laid off 22 per cent of its full-time staff and contractors amid the technology sector’s valuation woes.Willow’s job cuts extended to 72 of its 327-odd full-time employees as well as 27 contractors, and came as it battles the drop in valuations for technology businesses and exits non-core sectors like mining.
The job cuts were understood to be split evenly between Willow’s Australian employees, who work out of its offices in Sydney’s 1 Farrer Place, and their American colleagues.“Willow has been on a strong growth trajectory that has seen us expand internationally, develop a customer base of world-class brands, and create a genuinely transformative product.“However, like many technology companies, we have not been immune to the impacts of the external environment over the past 12 months.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why property prices have further to fall in 2023Deputy property editor Michael Bleby explains the housing market’s wild ride in 2022; why prices are still falling, and what might happen next year.
Read more »
Australian property managers suffering in rental crisis - realestate.com.auMillions have worried about keeping a roof over their heads over the past three years — but an oft-maligned group are forgotten sufferers
Read more »
Most shocking property sales of 2022: Sydney dumps sold for over $1m - realestate.com.auAbandoned homes, properties packed with rubbish and collapsing houses needing expensive repairs sold for some truly astonishing prices this year, despite the downturn. Here’s why
Read more »
Why property prices have further to fall in 2023This week in The Fin podcast, deputy property editor MichaelBleby explains the housing market’s wild ride in 2022, why prices are still falling, and what might happen next year.
Read more »
Man run over by tractor miraculously drives to nearby property to call for helpA man in a remote Queensland town has incredibly driven to a neighbour's property to call for help after he suffered several broken bones when he was run over by his tractor.
Read more »
Corporates out, family farmers in as rural property bucks downturnNew South Wales farmland prices have risen despite an interest rate hike causing pain in the residential market.
Read more »