Australian social media tech unicorn Linktree is reducing its global workforce by 17 per cent in the face of the challenging economic environment and tight capital market for tech start-ups.
The redundancies come despite the $US1.3 billion ($1.86 billion) business raising $US110 million in March, from investors such as Index Ventures, Coatue Management, Greenoaks, local fund AirTree Ventures and Insight Partners.
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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
