Treebo has let go of 10% of its 800-strong workforce
Employees have been offered two months' salary as a severance package
The layoffs are in line with Treebo’s efforts to double down on its technology products and processes while cutting costs
After Treebo’s Twitter followers were buzzed on Saturday morning with news of a mass layoff of 150 employees, the hospitality company finally issued its official response on the matter today (July 23).
In a media statement, a Treebo spokesperson said that the company has laid off about 10% of its 800-strong workforce, which comes to 70-80 employees.