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Fintech Bench conducts layoff while others still work month-to-month
Bench, the accounting and tax startup that was bought in a fire sale last December, has conducted a round of significant layoffs, it confirmed to
Employer.com, the San Francisco HR tech company that bought Bench last year, told TechCrunch the decision to make the cuts “was not made lightly.” However, CMO Charney said the recent cuts reflect “the realities of turning around the business and addressing legacy issues, rather than being part of any strategic outsourcing initiative.” Charney told TechCrunch that Bench is continuing to explore longer-term solutions for employees, which the company calls “Benchmates,” but that this structure was the most viable option to get people onboarded quickly post-close.
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