SoftBank-backed Kavak lays off staff, makes 'significant' cuts -internal email
Source: Reuters
MEXICO CITY, Nov 25 (Reuters) - Mexican online used-car dealership Kavak has made significant spending cuts and laid off staff as it prepares for a challenging 2023, according to an internal email sent Friday and seen by Reuters.Carlos Garcia, the start-up's chief executive, said in the email that Kavak has made "significant cuts in expenditure ... reducing the size of the team accordingly."The email did not…
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