Andreessen Horowitz lays off majority of 34-person talent team
TL;DR
- Andreessen Horowitz cut most of its 34-person "full stack talent" team that helped portfolio companies recruit, Axios reported October 14.
- Survivors will be reallocated to specialized investment groups such as growth or crypto, each pod left to build its own hiring team.
- a16z declined to comment on the cuts, which pare back one of the firm's marquee "value-add" services to founders.
Andreessen Horowitz has laid off the majority of its 34-person "full stack talent" team, the in-house recruiters the firm long pitched to founders as a reason to take its money, Axios reported on October 14. The few who remain will be reassigned to specialized investment groups such as growth or crypto, with each pod left to build its own hiring team rather than drawing from a centralized bench.
Portfolio recruiting had been one of a16z's most-marketed platform services, the pitch that an investment arrived with a free hiring engine bolted on. Reorganizing the function pod by pod ends a long run of value-add branding built around a single centralized team at what Axios calls "one of the largest and most active investors in Silicon Valley."
The firm declined to comment.
Originally reported by axios.com
Read the original article →Original headline: Andreessen Horowitz Lays Off Majority of 34-Person Portfolio Recruiting Team