twothirds

Pitch, the company behind a collaborative presentation software for businesses, is scaling back and bootstrapping, with CEO and co-founder Christian Reber stepping down and two-thirds of its employees losing their jobs. This translates roughly to 80 personnel, based on the 120 headcount figure Pitch has published on its about page. As with just about every other VC-backed startup, Pitch has clearly faced challenging times in terms of maintaining growth and keeping their investors happy. “Despite having more than 4 years of runway, we know that a sustainable path has a much higher chance of success than the path we were on,” Reber added. “Going forward, we’ll be a significantly smaller team focused on creating maximum value for our customers and driving sustainable growth.”