Nextdoor Lays off 25% of Workforce Amid Widening Losses

In a significant downsizing move, the neighborhood-focused social platform Nextdoor is laying off 25% of its full-time staff as part of a broader initiative to cut costs, with the company's losses expanding. The layoffs were announced alongside a third-quarter financial report which unveiled plans to slash personnel expenses by up to $60 million annually.

Major Layoffs Announced

Nextdoor has said that nearly 200 employees will be affected by the recent job cuts, which are seen as a key component of the company’s strategy to reduce operating expenses. The decision comes as Nextdoor aims to manage its finances more effectively in the face of a challenging economic environment.

Leadership's Tough Choices