08-12-2022, 12:44 AM
A source told Tech in Asia that nearly 18% of the 1,100 employees were affected by the layoffs. This translates to staff cuts of about 198 employees.
The development comes after the startup raised US$50 million in a series D funding round in August. In the same month, the firm claimed that its annual revenue and gross profits grew 2.5x over the past 12 months.
The development comes after the startup raised US$50 million in a series D funding round in August. In the same month, the firm claimed that its annual revenue and gross profits grew 2.5x over the past 12 months.