Miro slashes workforce by 275

Online whiteboarding tool Mira is dry-erasing 275 people from its workforce (18% of total) according to The Information. The company’s last valuation was 17.5 bil and has an annual recurring revenue of over $500 million.

In an internal memo, CEO Andrey Khusid had this to say:

“Our internal organizations have become too complex, we have too many layers, some duplications in roles, and candidly, we’re not set up to execute on our strategy with the speed and flexibility that success will require.”