Seattle startup Boundless Immigration laid off an undisclosed variety of staff final week, shortly earlier than asserting 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 drive that diminished the scale of the corporate to roughly 500 staff,” spokesperson Rachel Pepple advised GeekWire by way of electronic mail.
“Proper now, we’re targeted on making certain a compassionate and respectful transition for all our staff, whereas sustaining the very best ranges of service for our clients,” she added. “We might be offering no additional remark right now.”
Boundless CEO Xiao Wang shared a Slack message with staff on the day of the layoffs, which impacted workers within the U.S. and Philippines.
“I wish to be clear: this resolution is just not a mirrored image of the efficiency, expertise, or dedication of our departing colleagues,” Wang wrote within the memo seen GeekWire. “They’ve labored tirelessly to enhance the lives of immigrants and their contributions might be a part of Boundless DNA for years to come back. We’re offering them with sources 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 mentioned.
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 companies into its platform.
Boundless launched in 2017 and has raised greater than $50 million from buyers. It beforehand acquired two different corporations.
Localyze launched in 2018 and has raised greater than $47 million, in line with PitchBook. The corporate has about 40 staff, which Wang beforehand advised GeekWire would be a part of Boundless’ operations.
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