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Favo lays off 170 employees — June 2, 2022

Favo, a food company based in Brazil, laid off 170 employees on June 2, 2022. At the time, the company was at the Series A stage. The layoff was reported by this source.

Company
Favo
Employees laid off
170
Date
June 2, 2022
Industry
Food
Country
Brazil
Company stage
Series A
Total raised (pre-layoff)
$31M

Source: https://exame.com/negocios/de-malas-prontas-startup-favo-deixa-o-brasil-e-demite-170-funcionarios/

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