Lummo Lays off 50% Workforce across the globe

Lummo the Shopify-like app based out of Indonesia has let go 50% off its total workforce across the globe. It is of its employees across the globe in the recent developments.

As per the report and announcement by the company, the company has let go of 150 employees in their Indonesian office and around 60 employees in the India office which comprises 50% of their workforce.

Lummo is backed by alphabet, sequoia capital, and tiger global in its series C funding Which was around $80 million early this year. The entire unit was confident when announcing this new round of funding to the company.

Most of the layoffs were around operations, product, teams, engineering and also its design teams across India and Indonesia.

The entire layoffs ordeal has to have happened around its flagship product tokko which has been recently rebranded to Lummoshop, which sells itself as a SAS product for entrepreneurs and brands in maximizing their business profits and potential through online e-commerce which is similar to Shopify model targeting Asia market.

Related Stories

Follow us for Latest Layoffs Updates & News

Latest Layoffs