Just months after raising over $100 million from venture capital investors, fraud prevention startup NS8 laid off hundreds of employees on Thursday after informing them it was under investigation for fraud.
In a letter sent to employees, the Las Vegas-based company said on Thursday that it was forced to downsize after “sudden and unforeseen circumstances.” The letter was shared on Twitter by local publication Vital Vegas. The startup’s CEO, Adam Rogas, abruptly left the company last week, he confirmed to Forbes.
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The Layoff List was created in 2019 and is free for the community. Tips reported are left anonymous unless they explicitly ask to be included as a source. We verify a majority of tips and include independent sources, but for tips that we are unable to verify we separately categorize them as unverified reports to avoid misrepresentations.