OtherBR

Unico Layoffs

January 2023

Unico announced a layoff affecting 110 employees (10% of its workforce) in January 2023. The company operates in the Other sector.

People Affected

110

Percentage

10%

Announced Date

Jan 17, 2023

About

In January 2023, the Brazilian IDtech unicorn Unico laid off approximately 110 employees, representing about 10.5% of its workforce. The cuts impacted various departments, including product, design, and marketing. The company stated the layoffs were part of a strategic move to enhance operational efficiency and focus on key initiatives aligned with market needs. This followed a smaller round of layoffs in October 2022. Despite the reductions, Unico indicated plans to continue hiring for technology and other key positions. The company offered support to affected employees, including extended health benefits.