Landing: Difference between revisions
No edit summary |
No edit summary |
||
| Line 4: | Line 4: | ||
In August [[2022]] Landing secured $125 million in capital investment funds. Around 110 employees were laid off in the following months as part of a company-wide reorganization plan. Another round of lay-offs was announced in December. | In August [[2022]] Landing secured $125 million in capital investment funds. Around 110 employees were laid off in the following months as part of a company-wide reorganization plan. Another round of lay-offs was announced in December. | ||
In March [[2024]] Landing acquired Barsala of Seattle, Washington for $30 million. Its founder and CEO Michael Monu remained as president of the Barsala division. | |||
==References== | ==References== | ||
| Line 11: | Line 13: | ||
* Thornton, William (August 29, 2022) "Bill Smith’s Landing secures $125 million in new funding." {{BN}} | * Thornton, William (August 29, 2022) "Bill Smith’s Landing secures $125 million in new funding." {{BN}} | ||
* Thornton, William (October 6, 2022) "Landing laying off 110 nationally, but still ‘committed to growing’ in Alabama." {{BN}} | * Thornton, William (October 6, 2022) "Landing laying off 110 nationally, but still ‘committed to growing’ in Alabama." {{BN}} | ||
* Thornton, William (December 14, 2022) "Birmingham tech firm Landing has second round of layoffs." AL. | * Thornton, William (December 14, 2022) "Birmingham tech firm Landing has second round of layoffs." {{AL}} | ||
* Thornton, William (March 28, 2024) "Landing acquires Barsala housing tech firm for $30 million." {{AL}} | |||
==External links== | ==External links== | ||
Revision as of 15:20, 29 March 2024
Landing is a membership-based apartment leasing service specializing in short-term rentals of furnished units for traveling professionals. The company was founded in 2019 by Bill Smith, who had previously founded Shipt.
Landing had been headquartered in San Francisco, California. In June 2021 it announced that it would relocate to the John Hand Building in Birmingham. In support of the planned move, the company was awarded tax and job training incentives from the State of Alabama, Jefferson County, and the City of Birmingham.
In August 2022 Landing secured $125 million in capital investment funds. Around 110 employees were laid off in the following months as part of a company-wide reorganization plan. Another round of lay-offs was announced in December.
In March 2024 Landing acquired Barsala of Seattle, Washington for $30 million. Its founder and CEO Michael Monu remained as president of the Barsala division.
References
- Thornton, William (June 10, 2021) "Shipt founder’s Landing relocating from California to Birmingham, bringing 816 jobs." The Birmingham News
- Patchen, Tyler (June 16, 2021) "Bill Smith offers insight on Landing's move to Birmingham." Birmingham Business Journal
- Patchen, Tyler (July 8, 2021) "Landing incentives approved by city, county." Birmingham Business Journal
- Thornton, William (August 29, 2022) "Bill Smith’s Landing secures $125 million in new funding." The Birmingham News
- Thornton, William (October 6, 2022) "Landing laying off 110 nationally, but still ‘committed to growing’ in Alabama." The Birmingham News
- Thornton, William (December 14, 2022) "Birmingham tech firm Landing has second round of layoffs." AL.com
- Thornton, William (March 28, 2024) "Landing acquires Barsala housing tech firm for $30 million." AL.com
External links
- Landing website