Foursquare Labs Inc., also known as Foursquare, is a technology company founded in 2009 and headquartered in New York. It specializes in location intelligence and data analysis. The company is known for its mobile app, Foursquare City Guide that allows users discover and share information about businesses, venues and point of interest.
According to reports, Foursquare has announced plans to lay off 105 employees, which amounts to 25% of its workforce. The layoffs are part of an effort to streamline operations and achieve financial stability.
The report also mentions that the company is pausing its Mobile Developer Tools and Geode, citing the need to adapt to changing market conditions.
