https://layoffcheck.com/companies/vendease Layoff and WARN notices reported for Vendease. en-us https://layoffcheck.com/companies/vendease#2025-02 https://layoffcheck.com/companies/vendease#2025-02-438 Wed, 19 Feb 2025 12:00:00 GMT Nigerian food-supply startup Vendease laid off 120 employees in February 2025, representing 44% of its remaining staff, the second significant round of cuts in five months. A prior reduction in September 2024 had eliminated 68 roles, roughly 20% of the workforce at the time. CFO Mohamed Chaudry framed the latest cuts as part of a phased restructuring to reach profitability and extend the company's financial runway while it pursues a Series A extension. Macroeconomic pressure in Nigeria, including sharp naira devaluation and rising inflation, had significantly raised Vendease's operating costs. The company claims 600% year-on-year revenue growth, though the absolute dollar figure remains undisclosed. Investors including Partech, TLcom Capital, and Hustle Fund indicated continued support for the Series A extension. https://layoffcheck.com/companies/vendease#2024-09 https://layoffcheck.com/companies/vendease#2024-09-615 Mon, 30 Sep 2024 12:00:00 GMT Vendease reported a workforce reduction in Lagos in September 30, 2024. https://layoffcheck.com/companies/vendease#2022-11 https://layoffcheck.com/companies/vendease#2022-11-2706 Fri, 25 Nov 2022 12:00:00 GMT Vendease reported a workforce reduction in Lagos in November 25, 2022.