U.S. markets closed
  • S&P 500

    4,026.12
    -1.14 (-0.03%)
     
  • Dow 30

    34,347.03
    +152.97 (+0.45%)
     
  • Nasdaq

    11,226.36
    -58.96 (-0.52%)
     
  • Russell 2000

    1,869.19
    +5.67 (+0.30%)
     
  • Crude Oil

    76.28
    -1.66 (-2.13%)
     
  • Gold

    1,754.00
    +8.40 (+0.48%)
     
  • Silver

    21.43
    +0.06 (+0.29%)
     
  • EUR/USD

    1.0405
    -0.0008 (-0.07%)
     
  • 10-Yr Bond

    3.6910
    -0.0150 (-0.40%)
     
  • GBP/USD

    1.2091
    -0.0023 (-0.19%)
     
  • USD/JPY

    139.1000
    +0.5100 (+0.37%)
     
  • BTC-USD

    16,573.25
    +44.84 (+0.27%)
     
  • CMC Crypto 200

    386.97
    +4.32 (+1.13%)
     
  • FTSE 100

    7,486.67
    +20.07 (+0.27%)
     
  • Nikkei 225

    28,283.03
    -100.06 (-0.35%)
     

Brazilian startup Loggi lays off about 15% of workforce, swaps CEO

SAO PAULO (Reuters) - Brazilian courier delivery startup Loggi said on Monday it laid off about 15% of its staff and announced that its chief financial officer Thibaud Lecuyer will replace Fabien Mendez as the company's chief executive officer.

Loggi, backed by investors such as Softbank Group Corp and Monashees, is the latest in a string of Latin American startups to cut its workforce in recent months, including payments fintech Ebanx and used-car marketplace Kavak.

The dismissals are "part of a set of measures taken in the last six months to increase operational efficiency to adapt the company to the new global scenario and ensure business sustainability," Loggi said in a statement.

Outgoing CEO Mendez will take over as chairman of the board, the company said.

(Reporting by André Romani; Editing by Alistair Bell)