Tech Firm Frontdesk Layoff 200 People Via 2 Minute Google Meet Call

A US-based startup fired 200 people in 2 minutes! Its name is Frontdesk, which has done its first big layoff of the year. Allegedly, the company made an online call to the employees which lasted just 2 minutes. During the virtual call, the company fired 200 people. The employees who were fired included full-time, part-time and contract workers.

Frontdesk gives employees a two-minute Google Meet call. Company CEO Jesse DePinto told employees that the company was in a bad financial position and was considering filing for state receivership. NDTV According to the report, the company leases apartments at market rates and also furnishes them on a short-term rental basis. Its business is spread across more than 30 markets. But the company is struggling due to upfront costs, capital expenditure, and fluctuations in demand and rates.

The company raised $26 million from investors like JetBlue Ventures and Veritas Investments but still could not attract investors for full building management. The company was founded in 2017. It manages more than 1000 furnished apartments in the US. Recently the company took over a smaller rival company named Zencity, but after just seven months the company had to lay off employees.

Frontdesk’s decision to lay off such a large number of employees also raises questions about the survival of other small companies working in the short-term rental sector. Recently, Paytm gave a big blow to its employees by laying off more than 1000 people. Report According to, Paytm has done layoffs to reduce costs. Not only this, many more people may lose their jobs from Paytm in the coming time. The recent layoffs are the result of a few months and people have been fired from all units of Paytm. This is said to be 10 percent of the total workforce of the company. This layoff has been counted as one of the biggest layoffs of the year 2023.