“This has been the toughest decision we have made by far.”
It was valued at $1.25 billion in January, according to Forbes, because of booming online sales.
Podium, valued at over $3 billion in November 2021, did take up a tax incentive offer from the state. It was eligible to claim more than $1 million in tax rebates through an agreement, enacted in 2017, given it created 426 jobs over five years, according to theBusiness Insider reported that Podium is also planning to reduce costs by slowing hiring, subleasing its office and spending less on software and perks.
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