Vendease Layoffs
November 2022
Vendease announced a layoff affecting 27 employees (9% of its workforce) in November 2022. The company operates in the Food sector.
27
9%
Nov 25, 2022
About
Nigerian food procurement startup Vendease laid off 27 employees, representing 9% of its nearly 300-strong workforce, in late November 2022. The company stated the decision was performance-based and not due to the broader economic climate, noting it had tripled its staff and grown revenue fivefold over the previous year. After placing affected employees on improvement plans for months, Vendease offered severance packages. The layoffs occurred despite the company having raised a $30 million Series A round just two months prior to expand its operations across Nigeria and Ghana.
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