Proptech company Latch is laying off 59% of its U.S. and Taiwan-based workforce by November, or about 82 positions, according to a filing with the Securities and Exchange Commission, and putting new executives in place, including a new chief technology officer, chief financial officer, vice president of operations and other positions.
Jamie Siminoff, who founded Ring, a home security company that Amazon bought in 2018, is slated to become Latch’s CEO later this year.
The layoff announcement isn’t the first for the company, which announced cuts in May of about 130 positions over two weeks. Latch received a delisting notification from the Nasdaq…