RemoteTeam was founded in Oct 2019 in San Fransisco. Soon after launch, it attracted small and medium-sized businesses looking for an affordable and user-friendly HR and payroll management tool. The company’s success was largely due to its commitment to providing excellent customer support and innovative features that met the needs of its users.
End of 2021, RemoteTeam announced that they would be merging with another HR and payroll management platform Gusto. As part of the merger, all existing RemoteTeam users would be moved to the new platform, which promised even more features and capabilities.
However, in a recent update to its users, RemoteTeam stated that they will be paying back refunds instead of moving LTD users to the new platform. This decision has come as a surprise to many users, who had been eagerly awaiting the new platform’s merger.
RemoteTeam has not given any specific reasons for this decision, but it is speculated that the merger did not go as planned, and the company is now facing financial difficulties.
In conclusion, the decision by RemoteTeam to pay back refunds instead of moving LTD users to the new platform is a concerning development for its users. While the company has not given any specific reasons for this decision, it is clear that the merger was unexpected.