Exclusive-Latam unicorn Merama cuts nearly 10% of staff amid 'strategy' refocus

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Exclusive-Latam unicorn Merama cuts nearly 10% of staff amid 'strategy' refocus
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MEXICO CITY : Latin American e-commerce unicorn Merama cut nearly 10 per cent of its staff this week, its CEO told Reuters on Thursday, describing the move as part of a shift in focus as it enters a new growth phase rather than 'a cost saving exercise.'The company, which has raised $345 million in funding

MEXICO CITY : Latin American e-commerce unicorn Merama cut nearly 10 per cent of its staff this week, its CEO told Reuters on Thursday, describing the move as part of a shift in focus as it enters a new growth phase rather than"a cost saving exercise."

CEO Sujay Tyle said the total number laid off was around 8-9 per cent, with the company's headcount remaining over 400 employees.

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