Topic: strategic pivot
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African E-Commerce Startup Sabi Cuts 20% Staff, Shifts to Export Tracking After $38M Raise
Sabi, an African e-commerce platform, laid off 20% of its workforce (around 50 employees) to refocus on commodity exports after raising $38 million, prioritizing its TRACE division for ethically sourced goods. Initially aiding informal retailers, Sabi grew to 300,000 merchants and $1B GMV by 2023...
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Layoffs Hit Phil Libin’s Airtime Amid Industry Downturn
Airtime, a video collaboration startup, laid off nearly half its workforce (25 of 58 employees) in a major restructuring, citing an unusually large shift in its seasonal employment model. Employees were surprised by the early layoffs, which disrupted the company's promised transparency under its ...
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