Chicago tech company Hireology laid off 36 employees this week, accounting for roughly 17% of its staff.
The cuts, which occurred Tuesday, come as the recruitment technology company's customers have been "severely impacted by the Covid-related economic slowdown," CEO Adam Robinson told Chicago Inno.
"This is without a doubt the most agonizing call that I’ve had to make in 22 years of being an entrepreneur," Robinson said in an email to Inno. "Every one of these amazing people had earned the right to work here. We’re grieving their loss and are opening up our networks to help them find their next position as quickly as possible."
Robinson said the layoffs impacted departments across the company.
Founded in 2010, Hireology provides technology to help companies make better staffing decisions by using data and predictive analytics. The company works with businesses in automotive, heath care, hospitality and other industries.
The company has raised more than $60 million in outside capital to date, including a $27 million Series D round in 2019.
Hireology is the latest local tech company to feel the negative impacts of Covid-19 on its business. The economic slowdown caused by the virus has hit Chicago tech companies both large and small, as businesses from Groupon to SpotHero to Jiobit have gone through layoffs.
"The cuts that we made yesterday ensure that the company is well-positioned to weather a prolonged slowdown without materially impacting our ability to serve customers and maintain a growth footing," Robinson said.
