HomeBusinessKAVAK, funded by SoftBank, reduces investment and staff in Mexico: Report

KAVAK, funded by SoftBank, reduces investment and staff in Mexico: Report

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By lapaasindia
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  • The Mexican-based online used automobile dealership KAVAK has announced layoffs and spending reductions.
  • The 10-country company, financed by SoftBank, has not disclosed the regions or the quantity of layoffs that will take place.
  • This comes a few weeks after the business revealed a $130 million expansion strategy for the Middle East.

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