Sonder makes sweeping job cuts in company restructuring
US: Next-generation lodging firm Sonder has announced a restructuring across its organisation, which will trigger the laying off of 21 per cent of its corporate team and seven per cent of its frontline staff.
Sonder closes SPAC merger to go public
Sonder has gone public via a business combination with special purpose acquisition company [SPAC] Gores Metropoulos II.
Sonder downgrades valuation expectations to $1.9bn for SPAC
US: San Francisco-based short-term rental lodging startup Sonder is downgrading its valuation estimate from $2.2 billion to $1.925 billion ahead of its proposed merger deal with special purpose acquisition company [SPAC] Gores Metropoulos II due to a “strategic revision of the transaction terms”. Sonder, which announced in April that it was set to go to […]
Sonder reports record revenue for Q2
US: Next-generation hospitality company Sonder has announced the strongest quarterly revenue in its history in financial results for the three months ending at 30 June 2021. The company claims that this has been driven by a “robust” recovery of leisure travel demand and the continued rapid expansion of its Live Unit portfolio. Sonder co-founder […]
Sonder announces changes to leadership team
US: VC-backed hospitality startup Sonder, which closed a $170m Series E round last June, has announced a number a leadership changes and team additions. The company, which leases apartments and turns them into furnished, short-term rentals, has confirmed the appointments of a new president, chief technology officer [CTO] and vice president of market operations [North America]. […]