Layoffs underway. No respect. - Anonymous employee Kasa Employee Review

Thank you for your feedback. The economic outlook of our company is strong and will remain strong as we continue to adjust operations and priorities based on shifts in the market. With the planned reduction of hiring, some members of the recruiting team were offered the option to pursue redeployment into another role at Kasa or take a severance agreement while other talent acquisition team members have been redirected to projects and hiring for our highest impact roles. As consistent with our semi-annual performance review cycle, other team members were dismissed based on factors that included performance and alignment to future business operations. We are continuously looking at opportunities to improve how we evaluate and communicate performance year round, and have recently implemented mechanisms to provide feedback more frequently to avoid any element of surprise during the performance review cycle. While impacting someone's job is never an easy decision, we have a responsibility to our current employees, guests, partners, and investors to make decisions that are best for the long-term viability of our company. These decisions have extended into other areas of our operations as well including recent updates to our travel policies to reduce overall travel expenses and a more rigorous approval process to add additional headcount. We wholeheartedly believe in fearless feedback and take the information shared here quite seriously. If you wish to discuss this further, please contact us at HR@kasa.com.