- Inspirato ( NASDAQ: ISPO ) plans to streamline operations , including a workforce reduction, effective immediately, that impacts ~12% of the company’s current staff.
- Moving forward, company's headcount consists of more than 800 dedicated hospitality professionals, an increase of over 300 employees compared to December 2020.
- Co-Founder and CEO Brent Handler commented, “We took this step to help reduce costs as we manage Inspirato responsibly in the face of ongoing macroeconomic uncertainty. While we regret saying goodbye to this talented group of colleagues, we believe that the long-term opportunity for Inspirato remains strong. We believe this reduction will help us achieve our goal of Adjusted EBITDA breakeven in 2023 while continuing to deliver the service and certainty that our Inspirato subscribers expect whenever they travel with us.”
- Stock prices rises 1.5% during after market hours.
For further details see:
Inspirato plans workforce reduction streamlining operations