As the company says in its Form 20-F, this figure represents about 11% of employees – filed with the US Securities and Exchange Commission, SEC – It had 1,727 employees at the end of 2021, including outsourced workers and coaches.
The Company He did not respond to a request for comment.
The announcement comes amid recent reports and news of other mass layoffs at Brazilian startups.
“The decision to cut our staff was made as a strategic decision in which the organizational structure could adjust our priorities and effectively align this growth-oriented cycle,” VTEX said in a statement.
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