Latch (LTCH) resets cost structure

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Go back to Latch (LTCH) resets cost structure

Latch resets cost structure

May 20, 2022 4:00 PM EDT

NEW YORK, May 20, 2022 (GLOBE NEWSWIRE) -- Latch, Inc. (NASDAQ: LTCH), maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, today announced the completion of a workforce reduction. Additionally, the Company is announcing the reorganization of the sales and marketing departments under the leadership of Lee Odess. Prior to this role, Odess was the GM of New Market Development at Latch. Odess is a proven leader in the industry with nearly 20 years of experience driving sales growth, product innovation, and geographic expansion for leading companies in the smart access and security space.

Latch believes that,... More