Lendis lays off 15 percent of employees

Just a few months ago, the start-up announced a successful financing round. Nevertheless, some employees are now set to leave.

The wave of redundancies continues. The start-up Lendis is apparently laying off 15 percent of its team. "Unfortunately, I am one of the many people affected by the recent layoffs at Lendis and I am looking for a new job," writes a former employee of the start-up on Linkedin. Several terminated Lendis employees have written such posts in recent days. The start-up states on its website that it currently employs 100 people. The redundancies are therefore likely to affect 15 employees.

"Lendis is still growing, but due to the current economic situation and the difficult funding environment, we had to take this step in order to navigate successfully and sustainably through the crisis," co-founder Stavros Papadopoulos told founders scene.

Papadopoulos founded the company together with Julius Bolz in 2018. The start-up offers a B2B software solution that enables companies to select, procure and manage their work equipment. In January of this year, the start-up raised 80 million euros in funding. The capital came from Circularity Capital and Keen Venture Partners, among others.