Unico Lays off 110 employees

Since last week, it’s been a wave of dismissals every day. If yesterday we had cuts in PagSeguro, the big company today making mass layoffs is IDtech unicorn Unico. The company laid off 10.5% of its workforce, which is around 110 people.

According to market sources, the cuts reached various areas of the company (product, design, and marketing, among others). In a note to Startups, Unico confirmed the cuts, claiming that they are part of a movement focused on operational efficiency.

“Focused on the consistent delivery of its product ecosystem, the company has invested in the serialization of its teams and operational efficiency, changing structures and processes. Added to this movement is the prioritization of initiatives aligned with the new needs of the market”, said IDtech in the statement. To complete this, the company says it intends to maintain a flow of hires for its technology teams and other key positions.

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