Inspirato Plans To Cut 12% Of Its Workforce Citing Macroeconomic Uncertainty

by Shivani Kumaresan, Benzinga Staff Writer

January 19, 2023 5:32 AM | 1 min read |

Luxury travel subscription company Inspirato Inc ISPO has put forward a plan to streamline operations.
The plan includes a workforce reduction, effective immediately, that impacts approximately 12% of the company's current staff.
Moving forward, Inspirato's headcount consists of more than 800 hospitality professionals, an increase of over 300 employees compared to December 2020.
"We took this step to help reduce costs as we manage Inspirato responsibly in the face of ongoing macroeconomic uncertainty," said Brent Handler, Inspirato's Co-Founder and CEO.
ISPO believes this reduction to help achieve its goal of Adjusted EBITDA breakeven in 2023.
Price Action: ISPO shares are trading higher by 4.55% at $1.38 in premarket on the last check Thursday.
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