VTS, the leading technology platform in the PropTech sector working to reshape the landscape of commercial real estate management and leasing, recently laid off 20% of its workforce after a period of rapid expansion and acquisitions, including a $100 million purchase of Rise Buildings and a $200 million acquisition of Lane. Once valued at $1.7 billion, the firm aims to refocus its resources strategically amidst a challenging market. VTS’s layoffs reflect a broader industry adjustment as firms adapt to evolving office space demands and hybrid work trends.

Proptech Firm VTS Lays-off 20% of Staff