New York, New York-based Foursquare Labs, a geospatial technology company offering a location-focused social networking platform providing businesses with listing on a consumer-accessible City Guide, has announced a personnel realignment.
The reduction in force impacts 105 employees, an estimated 20% of the company's workforce, including Visits, OCF, and Foursquare City Guide team members.
According to CEO Gary Little, the decision was driven by the need to “streamline” the company's operations, and “set the company on more sustainable financial footing.”
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?