Seattle startup Boundless Immigration laid off an undisclosed variety of staff final week, shortly earlier than announcing on Oct. 1 its acquisition of Localyze, a Berlin-based firm that primarily serves folks immigrating to nations in Europe.
“On Thursday, September 25, Boundless carried out a discount in pressure that decreased the scale of the corporate to roughly 500 staff,” spokesperson Rachel Pepple instructed GeekWire by way of e-mail.
“Proper now, we’re targeted on guaranteeing a compassionate and respectful transition for all our staff, whereas sustaining the best ranges of service for our prospects,” she added. “We can be offering no additional remark at the moment.”
Boundless CEO Xiao Wang shared a Slack message with staff on the day of the layoffs, which impacted employees within the U.S. and Philippines.
“I need to be clear: this resolution just isn’t a mirrored image of the efficiency, expertise, or dedication of our departing colleagues,” Wang wrote within the memo considered GeekWire. “They’ve labored tirelessly to enhance the lives of immigrants and their contributions can be a part of Boundless DNA for years to return. We’re offering them with assets and help to assist them of their transition.”
Within the Slack memo, he additionally offered staff with monetary particulars in regards to the enterprise, stating that Boundless is anticipated to develop about 40% this 12 months, however bills have spiked 80% in comparison with 2024. The corporate initiatives $31 million in gross sales in 2025, and anticipates reaching profitability in 2027, the message stated.
Boundless has been targeted on serving to people and companies navigating the U.S. immigration course of, whether or not they’re coming as staff, college students or relations.
The brand new acquisition considerably will increase its geographic footprint, including immigration help for a number of European nations, Australia and United Arab Emirates. Boundless plans to combine Localyze’s know-how and providers into its platform.
Boundless launched in 2017 and has raised greater than $50 million from traders. It beforehand acquired two different firms.
Localyze launched in 2018 and has raised greater than $47 million, in response to PitchBook. The corporate has about 40 staff, which Wang beforehand instructed GeekWire would be part of Boundless’ operations.
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