Zumi shuts down again, letting go of 150 employees
Kenyan startup Zumi is shutting down and letting go of 150 people due to its inability to raise the funding necessary funding.
Source: techcabal.com
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2022: The year that tech bubble burst
More than 900 tech companies collectively fired 150,000 employees globally in 2022.
Source: businessdailyafrica.com
Start-up closures leave trail of job losses in 2022
At least six Kenya-based start-ups closed shop this year due to a number of threats, including lack of financing and pandemic woes.
Source: businessdailyafrica.com
7 Multi-Million Companies Which Shut Down in 2022
The high-end Hilton Hotel had 287 rooms offering suite services and attributed its closure to declining business in Nairobi CBD.
Source: kenyans.co.ke
👨🏿‍🚀 TechCabal Daily - Sky.Garden gets a second chance
Months after Kenya-based marketplace Sky.Garden announced planned layoffs and a shutdown, the startup has secured fresh funding.
Source: techcabal.com