Loggi

Loggi, a Brazilian logistics unicorn startup, has conducted its second round of mass layoffs in about six months, announcing on February 6, 2023, that it is cutting 7% of its workforce. With an estimated 3,500 employees, this reduction affects approximately 300 people. The company stated the move is part of efforts to enhance operational efficiency and focus on strategic initiatives for business sustainability. This follows a previous layoff in August 2022, when 15% of staff were let go. Despite these cuts, Loggi reported growth of over 50% between 2021 and 2022, highlighting its continued expansion in the logistics sector.

On August 8, 2022, Brazilian logistics startup Loggi laid off approximately 15% of its workforce, affecting about 500 employees out of a total of 3,000. The cuts were part of a cost-reduction strategy in response to shifting market conditions, as the revenue boom experienced during the pandemic began to diminish. Layoffs impacted various departments, including technology, design, and recruitment, with the tech hub in Lisbon seeing about 40% of its team (35 people) let go. The company framed the move as an operational efficiency measure to ensure business sustainability. Concurrently, Loggi announced a CEO change, with founders moving to the board. Affected employees received severance benefits, including extended health plan coverage and career transition support.