Textio announced a layoff of 15 employees on Wednesday, attributing the decision to a restructuring effort at the Seattle-based augmented writing startup.
The company has not disclosed its current headcount, although more than 70 employees were retained after similar reductions last year.
Since its inception in 2014, Textio has utilized artificial intelligence and machine learning to eliminate bias in workplace language pertaining to hiring and performance evaluations. Its clientele includes major companies such as Bloomberg, Cisco, Hulu, Oracle, Spotify, and Warner Music Group.
Textio terminated 14 positions in March 2024 and reduced its workforce by another 15 in 2023.
“The aspect of our business supporting our Feedback product is experiencing growth, necessitating an investment in varying roles and skills for development and sales support,” a Textio spokesperson communicated in a statement to GeekWire.
The company noted that there is an increasing demand for coaching and performance management support for managers, prompting Textio to enhance its capabilities to deliver and meet customer needs. This expansion will include new positions, particularly within sales and product marketing.
Textio has secured a total of $42.5 million in funding from investors such as Industry Ventures, Operator Collective, Emergence Capital, Scale Venture Partners, Cowboy Ventures, Bloomberg Beta, and Upside Partnership.
Textio’s co-founder Kieran Snyder stepped down as CEO in January 2024. Jensen Harris, who co-founded the company and previously held the position of chief experience officer, and is also Snyder’s husband, has taken over as CEO.
