A software startup is laying off staff at its Fort Collins headquarters and other states.
BillGO, which makes a bill-paying software, is laying off 80 employees in March because of a change in its “current business opportunities,” according to a letter the company sent to the state last week.
Employees affected are based at the startup’s headquarters at 3003 E. Harmony Road and remotely in other states.
Dan Holt and Scott Miller, who founded BillGO in 2015, didn’t respond to requests for comment from BusinessDen. According to its website, the software allows customers to pay their bills in one place.
The layoff notice comes just two weeks after the company reported raising $2.5 million from investors, according to SEC filings. Including the January round, BillGO has raised $158 million since inception, roughly $94 million of which was raised in May.
BillGO notified the state in an effort to comply with the federal Worker Adjustment and Retraining Notification Act, which requires employers to provide advance notice of plant closings and significant layoffs.
Other companies that have notified the state of layoffs this year include the U.K-based manufacturer IMI Norgren.
A software startup is laying off staff at its Fort Collins headquarters and other states.
BillGO, which makes a bill-paying software, is laying off 80 employees in March because of a change in its “current business opportunities,” according to a letter the company sent to the state last week.
Employees affected are based at the startup’s headquarters at 3003 E. Harmony Road and remotely in other states.
Dan Holt and Scott Miller, who founded BillGO in 2015, didn’t respond to requests for comment from BusinessDen. According to its website, the software allows customers to pay their bills in one place.
The layoff notice comes just two weeks after the company reported raising $2.5 million from investors, according to SEC filings. Including the January round, BillGO has raised $158 million since inception, roughly $94 million of which was raised in May.
BillGO notified the state in an effort to comply with the federal Worker Adjustment and Retraining Notification Act, which requires employers to provide advance notice of plant closings and significant layoffs.
Other companies that have notified the state of layoffs this year include the U.K-based manufacturer IMI Norgren.
