Navan Implements Layoffs in Attempt at Profitability

Key Points

• Navan laid off 145 employees to focus on profitability.
• A summit on pilot mental health emphasized risks and the need for action.
• The U.K.'s ASA banned misleading environmental ads by Air France, Lufthansa, and Etihad.

Summary

Navan, a travel and expense management startup, has laid off 145 employees, or 5% of its workforce, to focus on profitability. The company has raised over $1 billion in venture capital, with $154 million secured in October 2022. Additionally, a recent summit highlighted mental health risks for pilots, following an incident with an Alaska Airlines pilot. Meanwhile, the U.K.'s Advertising Standards Authority banned ads by Air France, Lufthansa, and Etihad for misleading environmental claims.