Rocket Internet apparently lays off employees

The wave of layoffs in startups has now reached investors.
News by Janina Gerhardt Janina Gerhardt · Stuttgart, 20. June 2022

The wave of redundancies in start-ups has now also reached investors.

The investment company Rocket Internet is apparently to downsize its global team, according to Finance Forward reports. Months ago, founder Oliver Samwer is said to have warned his portfolio companies about the poor economic situation and compared it to the 2008 financial crisis. Now it is said that there have been redundancies at his fund Global Founders Capital and the early-stage investor Flash Ventures. More than a third of the employees at Global Founders Capital are to be made redundant. At Flash Ventures, it would be half of all employees. The investment company has offices in Berlin, the USA and China. It is not known which offices are affected by the redundancies.

As the start-up scene reports, the dismissed employees are said to be particularly young members of the investment team. This was reported by a source close to the company. In future, Samwer would like to restructure the organization and rely more on experienced investment managers.


Like it? Please spread the word:


Newsletter

Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.

LinkedIn Connect

FYI: English edition available

Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?

Go to English edition

FYI: Deutsche Edition verfügbar

Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?

Deutsche Edition öffnen

Similar posts