German software startup Xentral, backed by major investors like Sequoia and Tiger Global, has laid off approximately 10% of its workforce, affecting around 20 employees out of a total of 200. The Augsburg-based company, which provides ERP systems for e-commerce and mid-sized businesses, announced the cuts in December 2022, citing slower-than-expected growth and the need to refocus on its core SME customer base amid broader economic challenges. The restructuring primarily impacted sales and marketing teams as Xentral adjusts its go-to-market strategy, despite having raised about €100 million and serving around 1,800 clients, including larger names like Porsche and About You.
