The tile, one of the most well-known of the item-tracking gadgets out there, has laid off nearly 30 people, and would have arrested the candidate to the hiring of another 10, TechCrunch has learned. This comes less than a year after the company has raised $ 25 million B round in May of last year. The layoffs are apparently due to disappointing sales during the holidays.
When reached for comment, the Tile offered the following statement:
In the framework of our 2018 planning process, the Tile management team has determined that a recalibration of our priorities was necessary so that the business can focus on the development of our Tile Platform and business base of hardware products. Unfortunately, this means that we had to say goodbye to about 30 Tile colleagues. Tile remains the leading smart address, and we will continue to create a world where everyone can find everything.
Approximately 30 employees to be recalibrated were not solely from any one region, according to information provided to TechCrunch, it appears that the company says in a general way, the cost-saving measure. A Thumbnail image representative pointed out that a hiring freeze has not been announced, the 10 hires that would have been prevented from taking place are still a bit of a question mark.
Tile revamped its range of products at the end of the summer, the improvement of the range and the addition of two new “Pro” units: a sport for the more active and a fancy white-and-gold “Tile Style.” Maybe it was too little, too late, or maybe Tiles has become too popular for its own good, and everyone already has all the Tiles they need.
At ces, it announced a handful of new partners that will integrate the Tile technology in their products. This would be the new priority of the company is to be a platform rather than a hardware first company. There is no doubt that the devices will still be manufactured and sold, of course, but this will not be the whole of the plate offering.
Here’s hoping that this works and that these layoffs are the last that we hear of.
Source: techcrunch.com Image: techcrunch.com