Am I Next? Layoffs at Frontdesk.
Milwaukee, Wisconsin-based Frontdesk, a short-term rental provider that offers fully furnished apartments for lease, has announced it is ceasing operations and filing for State Receivership as an alternative to bankruptcy.
The shutdown impacted the company's entire workforce of 200 employees, including full-time and part-time workers and contractors. The decision was conditioned on the company's ability to raise additional capital.
According to Frontdesk CEO Jesse DePinto, the company would be filing for a state receivership as an alternative to bankruptcy.
Citing the global macroeconomic conditions, Big Tech firms and startups across the spectrum have sacked employees, and layoffs continue to happen.
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?