Despite 90% sales drop, firm holds off on pay cuts, layoffs

Squaremouth makes strong commitment to employees.

  • By Business Observer Staff
  • | 8:48 p.m. May 2, 2020
  • | 0 Free Articles Remaining!
File. Squaremouth recently listed its Central Avenue building for sale for $3.9 million.
File. Squaremouth recently listed its Central Avenue building for sale for $3.9 million.
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St. Petersburg based Squaremouth, which pioneered a comparison engine for travel insurance and built it into a $18 million business, is about to embark on what could be its biggest journey yet: maintaining full payroll of some 40 people for at least a year in the face of a 90% revenue drop — no layoffs or salary cuts.

 

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