Mr Yum Layoffs
March 2023
Mr Yum announced a layoff affecting 40 employees in March 2023. The company operates in the Food sector.
40
Mar 21, 2023
About
Mr Yum, a hospitality tech company, has laid off approximately 40 employees globally as part of a strategic restructuring aimed at achieving profitability with its existing cash reserves. This reduction, announced by co-founder Kim Teo, represents a significant cut to the workforce as the company seeks to control its financial destiny. The layoffs, which occurred recently, follow a previous round, indicating ongoing challenges in the competitive tech industry. The company, known for its QR code ordering platform, is navigating a difficult period by streamlining operations to ensure long-term sustainability.
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