Mr Yum, a hospitality tech company, has laid off approximately 40 employees globally as part of a strategic restructuring aimed at achieving profitability with its existing cash reserves. This reduction, announced by co-founder Kim Teo, represents a significant cut to the workforce as the company seeks to control its financial destiny. The layoffs, which occurred recently, follow a previous round, indicating ongoing challenges in the competitive tech industry. The company, known for its QR code ordering platform, is navigating a difficult period by streamlining operations to ensure long-term sustainability.
