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Furnished apartment-rental startup Landing told employees today that it is restructuring and laying off 110 employees.
In a note to staff that he shared with Forbes, founder and CEO Bill Smith said that as the company scaled, it moved increasingly to a “field-based operating model” that required more people in the field and fewer at its Birmingham, Alabama, headquarters.
Over the past month, he wrote “nearly 70 of our existing team members have accepted new roles in field operations and moved across the country to live and work in the communities that we serve.” Meanwhile, as part of its restructuring,