Hopin

How it happened

Hopin was a UK virtual-events platform that soared during the pandemic to a peak valuation around $7.75B in 2021. As in-person events returned, demand evaporated; its core assets were sold to RingCentral in August 2023 for just $15M upfront, and remaining operations were wound down in 2024 — a roughly 99.8% collapse. Glassdoor reviews describe a company that over-hired on pandemic hype then reversed hard: employees counted two or three layoff rounds in a single year, one saying headcount fell from about 1,300 to 400 in nine months, with new hires arriving days before cuts. Reviewers faulted an inexperienced first-time CEO for strategy that shifted across too many products, and many called their equity worthless.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.