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Delivery startup Veho has laid off 19% of its employees, amounting to approximately 65 jobs. The company, which grew its revenue by nearly 90% in 2023, stated that the layoffs were part of a reorganization to enhance efficiency and profitability. Veho focuses on last-mile delivery, and in early 2022, it experienced significant growth, securing $170 million in Series B funding and raising its valuation to $1.5 billion. However, the company faced challenges, including laying off support staff and the departure of key executives. Despite these setbacks, Veho remains optimistic about its strong capital position and ongoing momentum.

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