Just weeks after a rebrand, the company known until recently as Snagajob has reduced the size of its workforce in the Richmond region.
The company, an hourly-job search website that last month changed its name to Snag, in recent weeks laid off dozens of employees at its Innsbrook office.
Spokesman Jason Conrad confirmed that layoffs were made in the Richmond office and on the West Coast, as it shuttered its Oakland, California office.
Conrad did not disclose the number of jobs eliminated locally. He said the company now has about 250 employees in the area. An April 3 report by the Times-Dispatch cited the company as having about 300 in Richmond.
“To support our strategic objectives, we have completed a re-alignment of our organization, resulting in a number of positions being impacted across the company,” Conrad said.
The company announced its rebrand in early April, citing a change in its approach. Conrad said Snag’s decision to invest further into Snag Work, a shift-work offshoot formerly known as Husl, was among the reason for the layoffs.
“Technology companies often make strategic choices to adapt to rapid changes in the market,” he said. “In this case, we are choosing to invest not only in our core business, but also in Snag Work, which required us to make tough choices on where we make resource investments.”
Conrad added that the company plans to continue to hire in the Richmond market and hopes to reopen an office on the West Coast “when we have scaled Snag Work to more markets.”
Snagajob was founded locally in 2000, and grew to have outposts in Charleston, South Carolina, and Northern Virginia, where it now keeps its corporate office.
The company has raised $141 million in capital over the years, according to startup database Crunchbase, including a $100 million influx in 2016 through which it gave up a controlling stake to outside investment firms.