Zilingo Cuts Jobs After Halting Global Expansion

Singapore’s Zilingo cuts jobs after putting global push on hold

Zilingo has announced a reduction of 5% of its workforce, amounting to 44 employees, with a significant number of layoffs occurring in Singapore. This decision comes as the company shifts its focus towards profitability and pauses its expansion efforts in the U.S. and Europe, which began late last year. Zilingo, which connects businesses with 6,000 factories worldwide, is led by CEO Ankiti Bose and was valued at US$970 million in early 2019.

Zilingo

Zilingo is a technology company that operates an e-commerce platform connecting fashion and lifestyle merchants with consumers in Southeast Asia.

Zilingo is a B2B technology platform that powers the global apparel supply chain with innovative solutions for production, sourcing and trade. It was founded in 2015 with a vision to put a connected and transparent supply chain within everyone’s reach. Over the years, it has evolved into an end-to-end enabler that gives raw material suppliers, fabric mills, manufacturers, wholesalers, distributors, brands and retailers access to commerce, software and services that optimize processes at scale, create cost efficiencies and support sustainable growth. Today, our sales volume exceeds US$1bn annually.The company's mission is to impact the lives of as many individuals as possible by empowering trade and commerce with technology. Through an ecosystem that combines data, software and fintech, Zilingo is aligning a commercial view of the value chain with a purpose-led vision of improving the business practices of the customers we serve.For all press inquiries, please reach out to us at pr@zilingo.com.   Want to join us? Find your next career opportunity at https://zilingo.com/careers. Let's grow together! 

COM:ZILINGO

Zilingo

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