Matterport, a spatial data company headquartered in Silicon Valley, announced plans to reduce its workforce by 30%, or about 170 jobs, in a Securities and Exchange Commission filing Tuesday.
The company makes 3D cameras that capture building interiors, allowing for virtual tours of real estate holdings, which became popular during the pandemic, among other uses. 
“We have made the difficult decision to eliminate certain roles across the company,” Matterport CEO RJ Pittman said in a blog post Tuesday. Pittman also said the company would look to reduce office space as part of its cost-reduction efforts. 
The company expects to pay between $4M and $5M for employee…
Source: Proptech Company Matterport To Cut 170 Jobs, Reduce Office Space