Analytics Startup Mixpanel Lays Off 18 Staff
Mixpanel laid off 18 individuals yesterday, representing lower than 10 % of its 230+ individual staff.
“That is clearly a deeply robust determination,” stated CEO Suhail Doshi. “Under no circumstances can we intend to rent individuals solely to allow them to go … We’re very sorry that it occurred.”
The information was first reported in VentureBeat, which quoted Doshi as saying, “We simply overhired.” He confirmed to TechCrunch that 18 individuals have been laid off, principally in gross sales.
Based in 2009, Mixpanel says it supplies cellular and net analytics instruments to three,683 clients together with Airbnb, Spotify and Venmo. It raised a $sixty five million spherical from Andreessen Horowitz on the finish of 2014.
Featured Picture: Mixpanel