• Chief, a networking and growth organization for women leaders, has cut staff.
• The layoffs were primarily in technical and administrative roles, a spokesperson confirmed to BI.
• The company, valued at $1.1 billion in 2022, also laid off employees last year.

Boss, a The network organization for women in leadership positions has cut staff throughout the company as part of a restructuring.

A company spokesperson confirmed the move in response to an inquiry from Business Insider, saying it would give Chief “more agility” going forward.

“We announced a restructuring last week that primarily impacted our technology and administrative functions. Like many companies, we care about growth and profitability.” The spokesperson said in an email, adding that the company is committed to supporting affected employees.

Chief describes itself as the nation’s largest network of women in leadership positions. In a recent press release, the company said its members – 40% of whom are C-suite executives – represent over 10,000 companies.

Co-founders Carolyn Childers and Lindsay Kaplan launched the leadership development organization in 2019 with the goal of supporting women in leadership roles and helping them “maximize their leadership impact.”

In March 2022, the company announced It had secured $100 million in Series B funding led by CapitalG, Alphabet’s independent growth fund, bringing Chief’s total valuation to $1.1 billion. Months later, in October 2022, the company announced It would expand into the UK and open an office in London in January 2023.

More recently, the company has suffered setbacks.

In April 2023, Chief laid off 14% of its employees while the founders cited a “challenging macroeconomic environment” in an email to employees, TechCrunch reported at the time.

Then, in January this year, the company announced it would close its London offices and pull back from its international expansion to refocus on the American market.

“While this was not an easy decision, we ultimately decided that focusing exclusively on our US operations, where the vast majority of our members (over 95%) are based, was the best next step for our business,” Das said company in a press release at the time.

The spokesperson said the latest restructuring will allow Chief to “focus on recently launched member experiences,” such as its executive coaching and executive education programs, which range in price from $5,900 to $10,900, according to Chief’s website .

“Our vision remains the same – to build the most powerful network of women leaders and maximize their leadership impact,” the spokeswoman said.