Inrix has laid off a “handful of people” as the traffic data provider reorganizes its company structure.
The layoffs, first reported by The Seattle Times, are the first in Inrix’s 13-year history. A company spokesperson confirmed the cuts and provided this statement to GeekWire.
“After three global acquisitions, including two in the past two years and more than 90 new employees, INRIX is reorganizing to better integrate our global teams and execute on our four core product areas (Traffic, Parking, Analytics and OpenCar),” the company said in a statement. “For the first time in our history, we have made the decision to lay off a handful of people from our global workforce. While this was a difficult decision, we believe having one global organization will help us better execute on our priorities.”
The Kirkland, Wash.-based company now employs “roughly” 450 people, according to the spokesperson, which is the same number Inrix provided in June. It has 10 offices worldwide.
Inrix makes money by providing traffic and parking-related data to clients around the globe, ranging from public sector agencies to top automakers. The company acquired OpenCar last year; it also acquired ParkMe in 2015 and bought ITIS Holdings in 2011.
CBInsights pegged Inrix as a potential IPO candidate for 2017.