Inspirato Lays Off 6% of Workforce, Second Round of Cuts This Year

Key Points

• Inspirato laid off 6% of its workforce, around 50 employees, in its second round of cuts this year.
• Job cuts impacted general and administrative areas, excluding customer support.
• Inspirato aims to 'right-size' amid financial challenges, with a net loss of $5.9 million in Q1 and shares trading below $1.

Summary

Inspirato, a luxury vacation home and hotel subscription service, laid off around 50 staff members, or 6% of its workforce, in its second round of cuts this year. The layoffs, confirmed by Jeff Hartman, EVP of marketing, affected general and administrative areas but not customer support. The company aims to 'right-size' its business despite a challenging financial environment, including a net loss of $5.9 million in the first quarter and trading below $1 per share.