Miro company with Russian roots will reduce 18% of staff

Miro, with founders from Perm, will lay off approximately 275 employees, which is 18% of the entire workforce. The decision was made due to the need to simplify the company structure, reported The Information.

Miro company with Russian roots will reduce 18% of staff

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Author: Bogdan Muzychenko

According to him, the cuts will allow the remote work collaboration service to “make the startup faster and more flexible.”

Miro has laid off employees before. In February 2023, the company announced that it intended to say goodbye to 119 employees (7% of the staff) in order to cut costs and focus on priority areas of work, explained co-founder and CEO of the platform Andrey Khusid.

Miro was founded in 2011 by natives of Perm Khusid and Oleg Shardin. Initially, the company was located in Perm, but now the platform has offices in Amsterdam and San Francisco.

In the last investment round in January 2022, the service raised $400 million at a valuation of $17.5 billion, investors were Iconiq Growth, TCV, Salesforce Ventures and others. By data Crunchbase website, total investments in Miro amounted to $476.3 million.

In March of the same year, the company released an announcement in which it announced the closure of the Russian office and its withdrawal from the domestic market. In August 2024, Miro announced that it would stop providing services to Russian and Belarusian users. Later that month, representatives of the service clarified that they would continue to serve free clients.

Following Miro’s announcement in August, Russian companies began developing solutions that could replace the platform. In particular, T-Bank, Yandex and VK.

Cover photo: Hinterhaus Productions / Getty Images

Source: rb.ru