Online styling firm Lookiero is initiating a restructuring that will impact approximately 10% of its employees. This decision follows a significant funding round completed just nine months prior. The company cited a financial paradox where positive EBITDA does not translate to sufficient cash flow for its current structure. Integration of artificial intelligence and resulting productivity gains are also contributing factors to the changes. This move highlights increasing pressure on tech companies to manage liquidity alongside operational profitability.
https://app.dealroom.co/news/note/lookiero-plans-layoffs-nine-months-after-17-2m-raise-backed-by-public-money