Sendoso Layoffs
October 2023
Sendoso announced a layoff affecting 0 employees in October 2023. The company operates in the Marketing sector.
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Oct 3, 2023
About
Sendoso, a SoftBank-backed gifting startup, has conducted its fourth round of layoffs in the past 16 months, affecting an undisclosed number of employees across departments like engineering, HR, accounting, and customer success. This follows a previous round in June 2022, where about 100 employees, or 14% of its then 700-person workforce, were cut. The company, which offers a platform for sending corporate gifts, is restructuring amid a challenging funding environment and broader economic uncertainty. Many startups, including Sendoso, are reducing headcount as venture capital investment has significantly declined, forcing cost-cutting measures to sustain operations.
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