Bench Layoffs
Industry Finance · Location SF Bay Area · Canada · Subscribe (RSS)
Bench has 3 publicly reported layoff rounds on record between March 27, 2020 and May 1, 2025. A total of about 497 employees were affected across these rounds.
Layoff history
Bench disclosed a workforce reduction affecting its SF Bay Area operations in May 1, 2025.
Source: techcrunch.com
Bench, the Vancouver-based bookkeeping startup, abruptly shut down on December 27, 2024, laying off its entire staff of more than 600 employees and locking out its 35,000 small-business customers without warning. The company had raised $113 million from investors including Shopify and Bain Capital Ventures, with its last funding round, a $60 million Series C, closing in 2021. Co-founder Ian Crosby, who had been ousted as CEO, alleged the board replaced him with 'a new professional CEO' and steered the company in a direction that led to the collapse, writing that he hoped the story 'goes on to become a warning for VCs that think they can upgrade a company by replacing the founder.' Customers were given until December 30 to download their financial data, with read-only access extended through March 2025.
Reason: company shutdown after board-driven leadership transition and funding failure
Source: techcrunch.com
Bench disclosed a workforce reduction affecting its Vancouver operations in March 27, 2020. Approximately 47 roles were eliminated.
Source: betakit.com
Data for Bench is compiled from public WARN Act filings and reporting linked above. See our methodology.