Olist Layoffs
May 2022
Olist announced a layoff affecting 0 employees in May 2022. The company operates in the Retail sector.
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May 23, 2022
About
Brazilian e-commerce unicorn Olist conducted layoffs on May 23, 2022, affecting all areas including technology, business, and product. While rumors suggested around 150 employees were impacted, the company's founder denied this figure, stating the number was significantly lower and that Olist still had open positions. The exact number of layoffs was not disclosed. As of December 2021, Olist had 1,400 employees and had planned to hire 300 more in 2022. The founder attributed the adjustments to the new macroeconomic scenario and the need to correct inefficiencies that arise as a company scales, emphasizing that Olist's revenue grew 3.5 times in 2021 and that no projects would be discontinued. This move occurred amid a wave of layoffs at other Brazilian unicorns like QuintoAndar and Loft. Olist, which reached a $1.5 billion valuation in late 2021, specializes in helping physical stores sell on major marketplaces.
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