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

  • 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.
  • Photo Via Company
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