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Fashion Startup Pomelo Cuts 8% of Staff as Asia Layoffs Spread

  • Thai e-commerce company is reducing about 55 employees
  • Startup axing staff as it seeks to raise fresh capital
Updated on

Thai e-commerce startup Pomelo Fashion Pte is cutting staff across its functions, joining other tech firms downsizing this year in a bid to withstand an economic slowdown.

The online fashion retailer cut about 55 employees, or 8% of its headcount, it said in a statement on Thursday in response to queries by Bloomberg News. The company said it streamlined its processes “to move toward more sustainable growth.”