Denver, Colorado-based Evolve, a vacation rental management company, has announced a second round of layoffs this year, this one a 20-percent reduction in its workforce.
The reduction in force will impact 175 employees. This follows the May 2023 reduction of 14 percent or 164 employees.
According to Evolve co-founder and CEO, Brian Egan, “In May, we were reacting quickly to a precipitous shortfall in Revenue, it was defensive and volume-driven; this decision is the polar opposite, we are acting strategically to unlock value creation and accelerate durable growth. We are confident in our work to re-underwrite our allocation of all resources, our self-sustaining profitability trajectory, and the ways in which our narrowed focus and rigor will serve to speed us up and protect us against future market volatility. So long as those things remain true, we will not be considering another broad-based reduction of our team,” he added."
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?