FoodNG

Vendease Layoffs

February 2025

Vendease announced a layoff affecting 120 employees (44% of its workforce) in February 2025. The company operates in the Food sector.

People Affected

120

Percentage

44%

Announced Date

Feb 19, 2025

About

Vendease, a Y Combinator-backed Nigerian food procurement startup, has laid off 120 employees, representing 44% of its workforce, as part of a second round of restructuring aimed at achieving profitability and extending its financial runway. This move, announced on February 19, 2025, follows a previous layoff of 68 staff in September 2024. Facing macroeconomic challenges like naira devaluation and rising inflation, the company is shifting toward a more capital-efficient model, including monetizing its buy-now-pay-later service and implementing AI for automation, while seeking a Series A extension round to support its operations in the competitive food delivery and e-commerce industry.