In June 2022, Egyptian healthtech startup Vezeeta, which operates across the Middle East and Africa, laid off approximately 10% of its workforce, affecting around 50 employees out of a total of nearly 500. The company, which had evolved from an "Uber for Ambulance" model to a subscription-based doctor booking platform serving 10 million patients, did not publicly state a reason for the cuts. However, the layoffs occurred amid a broader trend of workforce reductions in the tech sector, including other healthtech firms globally, as startups adjusted to shifting market conditions and venture capital landscapes. Vezeeta had previously raised significant funding, including a $40 million Series D round in 2020, and was considered a promising "soonicorn" in the region.
