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Headline : Exclusive: After two fundraises in 2023, Alerzo cut its workforce in February due to “digitization”

Read more from the original article on here at techcabal.com.





Tags : #exclusive #two #fundraises #2023 #alerzo #cut #workforce #february #due #digitization



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Image source: Techcabal

Alerzo, the B2B e-commerce company backed by Nosara Capital and FJ Labs, laid off at least 70 employees in early February despite raising funds twice in 2023. Two people familiar with the matter said the layoffs were driven by a need to cut costs and extend runway. However, the company said digitisation and a need to create a sustainable business drove the decisions.

The company has laid off employees twice in the past year, reducing its headcount by at least 400 in 2023. Many affected employees were warehouse staff. 

The layoffs in February 2024 also affected junior employees at warehouses and front offices, two persons familiar with the matter told TechCabal.

Read more from the original article on here at techcabal.com.


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