Loggi Layoffs
August 2022
Loggi announced a layoff affecting 500 employees (15% of its workforce) in August 2022. The company operates in the Logistics sector.
500
15%
Aug 8, 2022
About
On August 8, 2022, Brazilian logistics startup Loggi laid off approximately 15% of its workforce, affecting about 500 employees out of a total of 3,000. The cuts were part of a cost-reduction strategy in response to shifting market conditions, as the revenue boom experienced during the pandemic began to diminish. Layoffs impacted various departments, including technology, design, and recruitment, with the tech hub in Lisbon seeing about 40% of its team (35 people) let go. The company framed the move as an operational efficiency measure to ensure business sustainability. Concurrently, Loggi announced a CEO change, with founders moving to the board. Affected employees received severance benefits, including extended health plan coverage and career transition support.
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