Key Points
Earlier this year, another firm Y Combinator let go its 17 employees as it shut its late-stage startup fund...
Venture capital firm Sequoia has reportedly laid off seven staffers from its operations team..
The job cut affected one-third of the company's staff which helps in recruitments for startups in its portfolio, Forbes quoted its chief operating officer Sumaiya Balbale..
Sequoia's COO told the website that the talent needs of the company had tripled in the peak years of 2021 and 2022, and it doubled the workforce..
In March this year, Sequoia gave its limited partners the opportunity to withdraw money early from its evergreen fund..
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