BevSpot, a Boston-based maker of management software for the food and beverages industry, laid off close to 20 percent of its staff. This included nixing the channel partnership team of five employees.
The majority of the cuts took place in sales and marketing, according to multiple former employees of the company. According to multiple sources, the total headcount before the layoffs was 44 and a total of 13 people were “either laid off or resigned.”
“There were two rounds of layoffs in the last three weeks,” another former employee said. “The entire channel partnership team was cut and was communicated as a business shift.”
BevSpot is hiring for the position of head of growth marketing, according to its website. The company did not respond to two requests for a comment.
The company was founded in 2014 by MIT and Harvard graduates Alex Lesman, Chidubem Ezeaka and Rory Crawford, with Crawford as CEO. The company raised $5.4 million in an equity round of funding in October.
"The funding round was contingent to cutting one department entirely, so some people were expecting this to happen," a former BevSpot employee told BostInno.
This is not the first time BevSpot was hit with layoffs after raising funds. In December 2016, BostInno reported that BevSpot laid off its entire outbound sales team, comprised of 16 employees, after it closed an $11 million Series B round led by Bain Capital Ventures.
