London property crowdfunding startup Property Partner has laid off 13 employees as part of what it’s calling a restructuring of the business to “focus on our core business proposition”, Business Insider Australia reports.
The restructure brings Property Partner’s headcount down from 44 to 31, or a reduction of just over 29%. The startup says in a statement that the layoffs are “a proactive move to improve efficiency and streamline the company’s cost base.”
CEO and founder Dan Gandesha said in an emailed statement that there “across the global startup community there has been a growing theme of caution and more active management of costs, beginning late 2015.”
