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Posted on August 23, 2022

Australian startup layoffs continue as Mr Yum reduces headcount by 17%

Digital menu and restaurant ordering startup Mr Yum will lay off nearly one in five workers, becoming the latest Australian firm to slash its headcount as market expectations dim.

Taking to LinkedIn on Monday evening, co-founder Kim Teo shared an email sent to staff detailing the “hardest decision we’ve made in Mr Yum’s journey”.

“After deeply exploring every option available, we have made the decision to reduce the Mr Yum team by approximately 17% to extend our runway while capital markets remain uncertain,” Teo said.