New York, New York-based Orchard, a real estate platform and funding company, has announced that the company will shrink its workforce by 25% in the second round of layoffs in six months.
The reduction in force will impact 180 employees following the 100 employees in the previous June 2022, round of layoffs.
According to Orchard founder and CEO Court Cunningham...
Hi team,
As I shared in Town Hall this morning, today is a sad day at Orchard, as we say goodbye to around 180 hard-working, talented team members.
These changes are in no way a reflection of the wonderful work and progress achieved by these team members, and it is with great sadness that we say goodbye to them. If your job has been impacted, you will receive a meeting invite from HR by 10:30 AM ET to talk through your departure. These meetings will be complete by 4:00 PM ET today."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?