LinkedIn Posts Reveal What Matterport is Doing Behind Closed Doors

April 18, 2020
Share this Post: 

As the coronavirus continues to ravage the globe, companies are turning to furloughs and layoffs to save money where they can. Even companies that have been able to change and innovate to keep up with dwindling demand are beginning to see the struggles of COVID-19. 

Now former employees of Matterport have gone to LinkedIn to announce that the company has been quietly laying off its workforce. Some 90 employees have been let go even though the company seems to be benefiting from the pandemic

One post said:

“I had the privilege to work at Matterport for 4 years and unfortunately my time has come to an end due to Covid-19 circumstances.”

Another announced:

“I had the amazing opportunity to work at Matterport for the last 3+ years and unfortunately, had to say goodbye to the colleagues and team that grew to love each other and work towards a common goal.  As a result of the Covid-19 pandemic, I am now searching for new opportunities and looking forward to starting the next chapter in my career."

It seems that even with the success of its camera sales as property portals turn to virtual tours to answer the issues that arise from quarantine orders, Matterport isn’t completely immune to the struggles of COVID-19.

April 18, 2020

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Hemnet Growth
Hemnet Q4 and FY 2024: ARPL Jumps 42% as Operating Profit Hits $57 Million

Swedish real estate portal operator Hemnet has released its interim report for the final quarter of 2024, boasting typically strong...

Read More
Product Update 2025Jan31 1
Product and Services Roundup: Housing.com, Dubizzle, Bayut, Jitty, OneDome, Immobiliare.it, Rocket

We'll start this week's roundup in Asia, where REA India is investing heavily in AI and virtual staging...   Asia:...

Read More
Investment Roundup 24Jan 1 1 2
Investment and Funding Roundup: CoStar Group, Landeed, Cian

This week's investment and funding roundup starts with an interesting partnership in the UK that will see American #2 CoStar...

Read More
Shutterstock 392355586 2 3
Rent.com.au Sees Steady Growth of Transactional RentPay Product in Q2

The publicly listed Australian rentals portal operator Rent.com.au has revealed that it saw steady growth in its key transactional RentPay...

Read More

Editor's Pick