Flash Coffee, a Singapore-headquartered tech-enabled coffee chain backed by Rocket Internet, conducted region-wide layoffs in November 2022, affecting staff in markets including Singapore and Indonesia. The exact number of employees impacted and the percentage of its workforce remain undisclosed, as the company did not comment on the retrenchments. This move occurred amid a weakening economic climate, positioning Flash Coffee among other startups resorting to staff cuts. The chain, known for its vibrant kiosks, had rapidly expanded to over 250 outlets across seven countries within two years, fueled by significant venture capital investment.
