DOOR cuts 32% of workforce and exits property management unit
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DOOR Announces Strategic Actions to Accelerate Path to Profitability and Advance Its Building Intelligence Strategy
August 5, 2026 4:05 PM EDTWorkforce reduction and exit of property management operations expected to reduce annualized costs by approximately $10-12 million
ST. LOUIS, Aug. 5, 2026 /PRNewswire/ -- Latch, Inc., which has rebranded as DOOR ("DOOR" or the "Company"), today announced a restructuring plan that is expected to reduce its global workforce by approximately 32 percent and exit the DOOR Property Management business. These actions, together with cost-saving measures completed earlier in... More
