Glendale, California-based ServiceTitan, a cloud-based software company that provides scheduling dispatch marketing and financial management services to contractors and other home service businesses. has announced an 8% reduction in its workforce.
It is estimated that the reduction in force will impact between 225 and 500 employees although the company declines to provide further details.
According to a company spokesperson, The layoffs were a result of the ongoing impact of the COVID-19 pandemic which has hit the home services industry particularly hard Many homeowners have postponed nonessential repairs and upgrades leading to a significant decline in demand for Service Titans services. According to CEO and cofounder Ara Mahdessian the company is well positioned to weather this storm and emerge even stronger He has emphasized that the company is investing in technology that will and remote services which could help maintain its competitive advantage and stay ahead of the curve as the industry continues to evolve."
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?