Bizongo cuts 15% of workforce following $50 million funding round
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Bizongo cuts 15% of workforce following $50 million funding round
- E-commerce packaging firm Bizongo has laid off 15% of its workforce, or 50 employees, shortly after a $50 million funding round.
- This is the second official layoff for the company, with unverified reports of further layoffs in early 2023.
- Despite the layoffs, Bizongo aims to post a profit before tax in the fiscal year ending March 2024.
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