Lummo, an Indonesia-headquartered SaaS startup backed by Jeff Bezos and Sequoia Capital, laid off approximately 50-60 employees from its Bengaluru office in early June 2022. This followed earlier layoffs of 100-120 employees in Jakarta. The company, which had around 500 total employees across both locations, cited reasons including role redundancy, restructuring, and cost-cutting to extend its financial runway. Affected staff, primarily in engineering and product roles, were notified via direct email, with the company offering severance pay and assistance in finding new opportunities. These cuts reflect broader challenges and strategic shifts within the tech startup ecosystem.
