Skift Take
Navan is doing clean-up towards profitability before its IPO, planned for next year.
Navan, a travel and expense management startup, has laid off 5% of employees at the company, accounting for about 145 people.
Kelly Soderlund, a spokesperson for Navan, said in an email that the layoff affected teams across departments. She did not confirm the exact number of people who were affected, but the Navan website says it has more than 2,900 employees across 40 offices globally.
"Navan has recorded strong growth ov