Sources claim that Argyle, a company that helps businesses and organisations have access to employment data, has let go of a lot of employees from various departments. Sources were informed by a company representative that there had been a personnel reduction, and that 20 individuals, or 6.5% of the team, had been let go.
The figure provided by Argyle does not include contractors who could have been affected by the layoff. A representative declined to provide information regarding the number of impacted contractors and the amount of severance pay given to employees, if any.
“Argyle’s continual march upwards, targeting companies instead of SMBs, necessitates a specific skill set and the firm did make a change to its personnel today,” the spokesperson wrote in an email.
The same official said that the company is still on track to double its employees by the end of the year by filling more than 30 open jobs.
The statement implies that the corporation let go of workers who had more experience collaborating with small and medium-sized businesses (SMBs) in order to bring on board more personnel with a business focus.
The company reported processing 10 million user employment records each month when it received $20 million in Series A investment in October 2020. The company’s CEO and co-founder, Shmulik Fishman, stated he wanted to alter how institutions collect records by introducing
