Houzz is slashing staff once again.
All told, including the latest layoffs, the company has shrunk its workforce by about a third to 1,100 people, according to Globes.
Founded in 2009 by Israeli entrepreneurs Adi Tatarko and Alon Cohen, Houzz offers an online marketplace for remodeling services and home furnishings. It's raised more than $650 million in venture funding to date from investors including Sequoia Capital, New Enterprise Associates, GGV Capital and DST Global. Its investors valued the company at about $4 billion as part of its last funding round in 2017.
Following its Covid-related cuts, Houzz officials said they saw a rebound in its business, and the company . About a year ago, it confidentially filed its initial public offering paperwork. But that filing came as the market for shares in new public companies was turning cold, and Houzz remains private.Join 4 local Mayors as they discuss the economic outlook for Silicon Valley.The Business Journal is looking for the most influential women in the Silicon Valley to honor in our prestigious special publication and event.
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