InVision Lays off 50% Workforce – 400 Employees

InVision – an online whiteboard and productivity platform has undergone huge layoffs, letting go 50% of its workforce ~ around 400 Employees.

Linkedin Post by Founder Clark Valberg

Yesterday was a very difficult day for the incredible team we’ve built at InVision

In response to challenging market conditions and in support of a continued, multi-month strategy to evolve the business on every level (transitioning beyond our classic business to a focus on real-time collaboration in the broader enterprise), we were forced to say goodbye to many incredibly talented people who made InVision what it is today.  

As you can imagine this is a very difficult time for all those affected. I have been humbled by their kindness and excellence in all things. These are truly exceptional people that any organization would be fortunate to have in their midst. If you’ve ever hired an InVision Alumni before, you know exactly what I’m talking about. Together we’ve built a $100M ARR business, serving 100% of the Fortune 100, with 7 million users around the globe. 

A personal note about my own transition: Near the end of 2021, my wife and I found out we were pregnant with our fourth child. At that time, and after much discussion, I made the difficult decision to begin transitioning out of my role as CEO at InVision. 

Yesterday my time as InVision’s CEO officially concluded as I handed the operating reins over to Jeff Chow.  Jeff is an incredible leader who inspires from the heights and leads from the trenches. He cares deeply – not just about building great Products – but about building great teams. He’s the first to lean in, the first to make tough calls, and the first to put people and their care at the center of every decision he makes. He is a phenomenal leader with whom I’m not only incredibly blessed to partner, but whom I trust implicitly with the future of this business. Moving forward I will continue to actively serve as a member of the InVision Board of Directors.

What has always inspired me most about the InVision business is the culture we built. In the midst of one of the most difficult moments any team can face, I’ve witnessed nothing but an extreme outpouring of empathy, humility, go-giving, and compassion from this team. And while not unexpected (because that’s just the type of people they are) it still continues to move me very personally and deeply.

To all InVision employees (past and present) – thank you from the bottom of my heart! ❤️

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