Brazilian restaurant management startup Zak laid off approximately 40% of its workforce, affecting up to 100 employees, in a restructuring move announced via videoconference on Friday, May 13, 2022. The layoffs primarily impacted the operations, product, marketing, and sales departments. Founded in 2018 and based in São Paulo, Zak digitizes manual restaurant processes like cash management. Despite raising R$80 million in a 2021 funding round led by Tiger Global with plans to double its team, the company cited the need to restructure as the reason for the cuts, which occurred during a wave of layoffs at Brazilian unicorns.
