California-based dynamic glass maker, View has recently laid off an unknown number of employees. These layoffs are also made from the company’s plant in Olive Branch, Mississippi.
View specializes in making dynamic glasses that are designed to reduce heat and glare as well as lessen eyestrain. View touts its glass as a way for real estate owners to attract commercial tenants as well to improve energy consumption by up to 20 % — is among a large stable of companies that raised enormous amounts of capital from SoftBank’s Vision Fund over the last two years.
Many of the estranged employees have taken to social media platform LinkedIn to share their ordeal. A former IT manager at the company said that the layoffs were due to the impact of coronavirus pandemic.
Another employee who was an engineer and project manager wrote that the company “really cleaned house.” He further added that several other “long-timers” had also lost their jobs.
Although the company has not made any official statement yet, many of the former View employees confirmed the layoffs but maintained that they are not authorized to speak on behalf of the company.
The company had received $1.1billion in funding from SoftBank in November 2018. The funding was notable in many ways as it included no other investor.
View has been selling its glass to building owners and commercial real estate developers. On its site, it features a testimonial from a 14-person development firm in Utah named Cottonwood Partners, for example.
Before SoftBank came onto the scene, View had raised about $800 million over the years, including from Corning, Madrone Capital Partners, TIAA Investments and a New Zealand sovereign wealth fund.
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