Software Startup Procore Said to Cut 180 Jobs Ahead of IPO
- Procore had filed for a listing in February with the SEC
- Company still planning IPO that could come this year or next
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Procore Technologies Inc., a construction software startup that filed to go public this year, has cut about 180 jobs, according to a person familiar with the matter.
The company said in a blog post Tuesday, which confirmed an earlier Bloomberg News report, that it was cutting a “single-digit percentage” of jobs at the company. Procore had about 2,000 employees before the cuts, a spokesman said.