Smart Buildings

How have Tech Job Losses Impacted the Smart Buildings Space? Part 2: Workplace Tech

In this Research Note, we examine trends in job losses in the smart buildings startup space. Part 1 of this series covering job losses in the Building IoT and digital twin platforms sector, can be found here. This Part 2 analysis is based on LinkedIn headcount reduction data over the past two years and our own compilation of statistics relating to startups undergoing redundancies, restructuring and downsizing. 10 examples of job losses in the occupancy analytics and workplace experience sector are highlighted. Smart Buildings Job Lossess in Workplace Technology Density Founded in 2014, Density, based in San Francisco, CA, USA provides people counting sensors and an occupancy analytics platform. With total funding of $225 million and a company valuation of $1.05 billion in November 2021, Density was considered as the first Occupancy Analytics unicorn. As of October 2023, Density had 141 employees, a 30% headcount reduction over the last year and an 18% decrease since October 2021. […]

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