Airlift lays off 31% staff | OyeYeah News
Airlift lays off 31% of staff and closes down operations in all cities except Karachi, Lahore, and Islamabad.
The startup had secured $85 million in the single-largest private funding round in Pakistan’s history last year.
Pakistan’s Airlift fires about a third of its workforce and exits South Africa as it seeks to narrow its focus.
The announcement of the decision by Airlift Technologies was shared in a press release, terming it “Returning to the Fundamentals.”
The news of downsizing has hit the local market hard. Hashtag #Airlif has been among the top trending topic on the Twitter timeline following the company’s decision.
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