Vendease Layoffs
Industry Food · Location Lagos · Nigeria · Subscribe (RSS)
Vendease has 3 publicly reported layoff rounds on record between November 25, 2022 and February 19, 2025. A total of about 215 employees were affected across these rounds.
Layoff history
Nigerian food-supply startup Vendease laid off 120 employees in February 2025, representing 44% of its remaining staff, the second significant round of cuts in five months. A prior reduction in September 2024 had eliminated 68 roles, roughly 20% of the workforce at the time. CFO Mohamed Chaudry framed the latest cuts as part of a phased restructuring to reach profitability and extend the company's financial runway while it pursues a Series A extension. Macroeconomic pressure in Nigeria, including sharp naira devaluation and rising inflation, had significantly raised Vendease's operating costs. The company claims 600% year-on-year revenue growth, though the absolute dollar figure remains undisclosed. Investors including Partech, TLcom Capital, and Hustle Fund indicated continued support for the Series A extension.
Reason: Profitability drive and financial runway extension; naira devaluation and inflation
Source: techcabal.com
Vendease disclosed a workforce reduction affecting its Lagos operations in September 30, 2024. Approximately 68 roles were eliminated.
Source: techcabal.com
Vendease disclosed a workforce reduction affecting its Lagos operations in November 25, 2022. Approximately 27 roles were eliminated.
Source: techcabal.com
Data for Vendease is compiled from public WARN Act filings and reporting linked above. See our methodology.