US-based startup Frontdesk, known for redefining temporary housing, recently shut down after laying off its entire workforce due to a lack of capital. The company's attempt to secure funding through a bridge round for a new strategy in full building management failed to attract investors. The layoffs occurred during a two-minute Google Meet call, where the CEO announced that the company would be filing for state receivership. Frontdesk had previously raised $26 million from investors and faced challenges in the unpredictable short-term rental market.from Gadgets News – Latest Technology News, Mobile News & Updates https://ift.tt/LCAdGlO
