Tech Companies Lay Off Around A Thousand Employees In Less Than 20 Days. In 2023, 99, PagSeguro, Memed, Unico, Rock Content, and Frete.com Cut A Large Part Of Their Workforce, With Méliuz Being The Most Recent To Do So, Reducing 6% Of Its Staff.

Tech Companies From Different Sectors Made Large Layoffs. Just This Week, More Than 600 People Were Fired Per Company From Different Sectors, Already This Year, This Number Exceeds 1 Thousand. 

The most recent company to join this list of layoffs is Méliuz, which announced cuts of 59 employees, about 6% of its workforce being let go. The layoffs affected almost all areas of the company. On social media, a former employee stated that the team was cut in half. 

In a statement, Méliuz confirmed the layoffs and stated that “the review of the workforce is part of an internal restructuring process of the company aimed at increasing operational efficiency and adapting to the macroeconomic scenario to continue operating more responsibly with its collaborators, users, partners, and shareholders.” 

Despite this, it was not the only one, PagSeguro, Memed, and Unico also laid off some employees this week. The idtech Unico, which raised US$ 100 million in rounds that happened less than a year ago, laid off about 110 employees, which corresponds to nearly 10.5% of the total workforce of the operation. This was the second layoff in three months. In October of the previous year, the company had already let go 4.4% of its staff. The exact number of cuts was not disclosed, but it is estimated that nearly 50 collaborators were fired.

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The employees of healthtech Memed, who are specialists in digital medical prescriptions, also faced layoffs this week. About 20 people were laid off from the company, corresponding to 11% of employees. To NeoFeed, an investor in the company stated that the startup’s executives were advised that it would be better to cut costs. 

PagSeguro also made a series of layoffs in its staff, firing about 500 collaborators. “We are implementing a reduction of about 7% of the total professionals, from various areas, with the goal of improving the efficiency of the company,” the company informed in a statement.

Other Layoffs Across the Country

Not only did layoffs happen this week, but since the beginning of the year. Last week, Fretebrás, which belongs to Frete.com, laid off 150 people, about 15% of its employees. In November 2021, the same company raised about US$ 200 million in rounds led by Tencent. In the same week, the insurtech Pier, which has raised over US$ 42 million, also reduced its workforce by 39%. This resulted in almost 111 people being laid off. According to the company, these cuts were made “to maintain the significant progress of its business and its operational efficiency.”

The company 99 did not disclose how many cuts were made in a new mass layoff, but the information became public on January 10 of this year. It can be estimated that at least 77 employees were let go from the company. In September, the company, which is controlled by Didi, had already laid off over 100 employees. Another company with mass layoffs was Rock Content. The company laid off 15% of its workforce. We should take into account data from the company’s own site, which stated that it had 500 employees; the cuts corresponded to 75 people.