Sendy Layoffs

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In July 2022, Kenyan logistics startup Sendy laid off 10% of its workforce, affecting 30 employees out of a total of 300. The company, founded in 2015 and based in Nairobi, cited global economic pressures impacting tech companies as the reason, stating the move was part of a restructuring to drive efficiency and manage costs. This downsizing followed a broader trend in the African tech sector, where startups are facing reduced venture capital funding and economic headwinds. Sendy, which had raised $26.5 million and previously aimed for a $100 million round to expand into West and Southern Africa, also reportedly paused its expansion plans into Egypt and South Africa. The layoffs highlight the challenges faced by growth-stage startups in the logistics and transport industry amid a global tech downturn.

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