Networkme, a Portuguese startup that raised €1 million in late 2022 and once gloated a group of over 30, is experiencing a critical scaling back. The company has as of late seen the departure of key authority figures, including its Co-Founder & CTO and Head of Partnerships.
LinkedIn movement recommends a near-total reduction in staff, demonstrating a sharp compression after a period of fast development. The reasons behind the cuts have not been publicly disclosed, but the move marks a stark differentiate to the company's earlier expansion taking after its funding round.
Related News