- San Francisco-based equity management tech firm Carta undergoes its third round of layoffs this year.
- The company, last valued at $7.4 billion, had previously laid off 10% of its staff in January, impacting around 200 employees.
- The recent layoffs are part of wider restructuring efforts, catching employees by surprise.
- The total number of employees affected by the latest round of cuts is currently unknown.
- Reports suggest Carta has faced controversy, with allegations of wrongful termination and harassment.
- Carta’s CEO Henry Ward addresses the negative press, emphasizing the importance of employees in a Medium post.
