Alerzo cuts its headcount in another round of layoffs
- Alerzo, a Nigerian B2B eCommerce startup, laid off at least 70 employees in early February, bringing its total layoffs since 2023 to more than 500.
- The layoffs were motivated by a desire to cut costs and extend the runway, despite the company claiming it was motivated by digitization and sustainability.
- Alerzo had previously raised $10.5 million in Series A funding in 2021 and an undisclosed amount in a January 2022 Series B round.
The repeated layoffs at Alerzo raise concerns about the company's financial stability and management decisions. The discrepancy between the company's stated reasons for the layoffs and the alleged cost-cutting motives further adds to the skepticism. It is crucial for stakeholders to closely monitor Alerzo's future actions to ensure the well-being of its employees and the sustainability of the business.
