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Enjoei Is Another Company to Make Mass Layoffs in Brazil After Stock Plunge, Letting Go of Dozens of Employees Last Week

Written by Bruno Teles
Published on 24/01/2023 at 14:00
Updated on 24/01/2023 at 14:09
A empresa Enjoei é mais uma a fazer demissões em massa no Brasil. Na última semana, a empresa, após suas ações terem tido uma grande queda, desligou dezenas de pessoas do seu quadro de funcionários
A empresa Enjoei é mais uma a fazer demissões em massa no Brasil. Na última semana, a empresa, após suas ações terem tido uma grande queda, desligou dezenas de pessoas do seu quadro de funcionários (Foto/divulgação)
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According to some information obtained by InfoMoney, the layoffs were already expected. However, the company did not offer any type of benefit for those who were laid off, unlike other companies in the sector. 

“I have gone through traumatic processes, but at Enjoei it was more peaceful. My manager contacted me, along with another person from legal, and we had a calm conversation. Later, I received an email from HR with information about the layoff,” said the source. “Since I had prepared myself beforehand, it was easy, but some people called me crying saying they couldn’t believe it,” concluded the source.  

Thus, through a statement, Enjoei confirmed the layoffs and also stated that this happens as the company seeks to align itself with future challenges and projects. In addition to all this, it also said that the “arrangement” will allow prioritization of short- and medium-term projects. 

“We remain committed to offering the best collaborative consumption solution for our two million buyers and sellers and the most effective outcome for our shareholders, partners, and of course, our employees without whom we would not have come this far. We thank the contribution of each one who leaves us today, and for whom we are providing all support and assistance,” it emphasized in the statement. 

Listed on the stock exchange since 2020, when its shares were set at R$ 10.25 each, Enjoei is an e-commerce company. However, in just over two years, its shares have already experienced a decline of more than 80%, closing trading last Friday (20) priced at around R$ 1.02.

Notably, in principle, in 2019, Enjoei was just a blog that allowed people to buy and sell used clothes. After some time, its founders managed to attract some investors, transforming the site into a marketplace.

“One day I was at an offsite from Google (the company where Ana worked) when Tiê called me saying he was going to quit to turn Enjoei into a business. I thought he would leave the job three months later, but I came home and he was already there,” Ana Luiza recalled how the blog turned into a website. “In this way, they brought in some investments from the Brazilian fund Monashees, American Bessemer, the Brazilian manager Dynamo, and also the media group Rede Globo.”

See more cases of mass layoffs this year 2023.

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Bruno Teles

Falo sobre tecnologia, inovação, petróleo e gás. Atualizo diariamente sobre oportunidades no mercado brasileiro. Com mais de 7.000 artigos publicados nos sites CPG, Naval Porto Estaleiro, Mineração Brasil e Obras Construção Civil. Sugestão de pauta? Manda no brunotelesredator@gmail.com

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