Unico

In January 2023, the Brazilian IDtech unicorn Unico laid off approximately 110 employees, representing about 10.5% of its workforce. The cuts impacted various departments, including product, design, and marketing. The company stated the layoffs were part of a strategic move to enhance operational efficiency and focus on key initiatives aligned with market needs. This followed a smaller round of layoffs in October 2022. Despite the reductions, Unico indicated plans to continue hiring for technology and other key positions. The company offered support to affected employees, including extended health benefits.

In October 2022, Brazilian IDTech unicorn Unico conducted a workforce restructuring, laying off approximately 50 employees, which represented about 4.4% of its total workforce of over 1,000. The layoffs primarily affected the sales and customer sectors as part of a broader reorganization initiated earlier in the year to consolidate governance and improve team efficiency. Concurrently, the company has been strengthening its technology division, hiring around 50 new employees over the preceding four months, including high-profile executives like former Google engineer Bruno Fonseca as Chief Architect. This shift reflects a strategic realignment to focus on technological development and operational clarity amidst changing market demands.