{"id":547634,"date":"2022-06-29T04:00:28","date_gmt":"2022-06-29T04:00:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/29\/egypt-in-the-news-layoffs-hit-vezeeta\/"},"modified":"2022-06-29T04:00:28","modified_gmt":"2022-06-29T04:00:28","slug":"egypt-in-the-news-layoffs-hit-vezeeta","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/29\/egypt-in-the-news-layoffs-hit-vezeeta\/","title":{"rendered":"Egypt in the News: Layoffs hit Vezeeta"},"content":{"rendered":"<p><strong><a href=\"https:\/\/techcrunch.com\/2022\/06\/28\/egyptian-healthtech-startup-vezeeta-cuts-10-of-500-person-staff\/\">TechCrunch<\/a><\/strong><strong> reports that digital healthcare platform <\/strong><strong><a href=\"https:\/\/www.vezeeta.com\/en\">Vezeeta<\/a><\/strong><strong> let go of around 10% of <\/strong><strong>its 500-person staff last week.<\/strong> The news comes as the latest sign that it\u2019s not only Silicon Valley startups bunkering down for tough times ahead (including a potential recession), after mass transport app Swvl <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1c783ee0-2afb-4dfd-802d-3296cbbf08c4\">said it would lay off<\/a> up to a third of its staff. <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f1c0683b-e4eb-4df0-b64f-ac65a2593b64\">Born-in-Egypt Vezeeta moved its headquarters to Dubai in 2020<\/a>.<\/p>\n<p><strong>Also making headlines this morning:<\/strong><\/p>\n<ul>\n<li><strong>The mother of imprisoned Egyptian-British activist Alaa Abd El Fattah <\/strong>shares concerns for the health of her son \u201cdespite some improvements in his prison conditions.\u201d (<a href=\"https:\/\/www.reuters.com\/world\/africa\/jailed-egyptian-blogger-entering-danger-zone-hunger-strike-mother-2022-06-28\/\">Reuters<\/a>)<\/li>\n<li><strong>Ten people were handed death sentences<\/strong> over Muslim Brotherhood-linked attacks against security forces between 2013 and 2015. (<a href=\"http:\/\/reuters.com\/world\/africa\/egyptian-court-sentences-10-death-terrorism-charges-2022-06-28\/\">Reuters<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>TechCrunch reports that digital healthcare platform Vezeeta let go of around 10% of its 500-person staff last week. The news comes as the latest sign that it\u2019s not only Silicon Valley startups bunkering down for tough times ahead (including a potential recession), after mass transport app Swvl said it would lay off up to a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7233],"tags":[1626,104,72,123,2110],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547634","post","type-post","status-publish","format-standard","hentry","category-egypt-in-the-news","tag-alaa-abdel-fattah","tag-economy","tag-enterpriseam","tag-startups","tag-vezeeta","wpautop","entry"],"acf":{"mongo_id":"0a2ccd60-91d7-4c75-b714-2b5fa30a0bc1","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[547617],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt in the News: Layoffs hit Vezeeta - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/29\/egypt-in-the-news-layoffs-hit-vezeeta\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt in the News: Layoffs hit Vezeeta\" \/>\n<meta property=\"og:description\" content=\"TechCrunch reports that digital healthcare platform Vezeeta let go of around 10% of its 500-person staff last week. The news comes as the latest sign that it\u2019s not only Silicon Valley startups bunkering down for tough times ahead (including a potential recession), after mass transport app Swvl said it would lay off up to a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/29\/egypt-in-the-news-layoffs-hit-vezeeta\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-29T04:00:28+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/29\/egypt-in-the-news-layoffs-hit-vezeeta\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/29\/egypt-in-the-news-layoffs-hit-vezeeta\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt in the News: Layoffs hit Vezeeta\",\"datePublished\":\"2022-06-29T04:00:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/29\/egypt-in-the-news-layoffs-hit-vezeeta\/\"},\"wordCount\":121,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Alaa Abdel Fattah\",\"economy\",\"EnterpriseAM\",\"startups\",\"Vezeeta\"],\"articleSection\":[\"EGYPT IN THE NEWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/29\/egypt-in-the-news-layoffs-hit-vezeeta\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/29\/egypt-in-the-news-layoffs-hit-vezeeta\/\",\"name\":\"Egypt in the News: Layoffs hit Vezeeta - 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The decision comes after Vezeeta secured USD 12 mn in a series \u2018C\u2019 fundraising round led by Saudi Telecom\u2019s venture capital arm, STV, which Barsoum said will be used for\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604616,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/09\/ifc-says-invested-usd-1-mn-in-vezeeta-in-september-fundraising-round\/","url_meta":{"origin":547634,"position":1},"title":"IFC says invested USD 1 mn in Vezeeta in September fundraising round","author":"enterpriseam admin","date":"9 December 2018","format":false,"excerpt":"INVESTMENT WATCH- The International Finance Corporation invested USD 1 mn in Vezeeta as a follow-on investment to a September series \u2018C\u2019 fundraising round in which the online platform raised USD 12 mn, it said in a statement. Vezeeta, an app that helps connect patients with physicians, aims to use the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/12\/2404.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":639242,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/24\/vezeeta-looking-to-expand-in-africa-and-arab-countries\/","url_meta":{"origin":547634,"position":2},"title":"Vezeeta looking to expand in Africa and Arab countries","author":"enterpriseam admin","date":"24 October 2017","format":false,"excerpt":"Online medical booking company Vezeeta is eyeing expansion into Africa and the Arab world, according to a statement picked up by Al Mal. The firm is looking at North African markets, as well as the UAE and KSA. Vezeeta which has raised USD 11 mn from investors, recently made noise\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646217,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/08\/vezeeta-becomes-endeavor-catalysts-first-investment-in-egypt\/","url_meta":{"origin":547634,"position":3},"title":"Vezeeta becomes Endeavor Catalysts\u2019 first investment in Egypt","author":"enterpriseam admin","date":"8 June 2017","format":false,"excerpt":"INVESTMENT WATCH- Healthcare startup Vezeeta has landed a USD 500k investment from Endeavor Catalysts, marking the first investment in Egypt by the entrepreneurship network\u2019s co-investing arm, the group said in a recent email. Vezeeta, which recently closed a USD 10.5 mn funding round after raising USD 5 mn in a\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571959,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/vezeeta-inks-agreement-with-stc-to-provide-telehealth-to-company-employees\/","url_meta":{"origin":547634,"position":4},"title":"Vezeeta inks agreement with STC to provide telehealth to company employees","author":"enterpriseam admin","date":"7 June 2020","format":false,"excerpt":"STARTUP WATCH- Vezeeta inks agreement with STC to provide telehealth to company employees: Digital healthcare startup Vezeeta has signed a partnership agreement with Saudi Telecom Company (STC) to provide all company employees with phone and video consultations at no charge, and discounted home check ups through Vezeeta\u2019s app, according to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648471,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/04\/vezeeta-to-expand-operations-to-jordan-and-lebanon\/","url_meta":{"origin":547634,"position":5},"title":"Vezeeta to expand operations to Jordan and Lebanon","author":"enterpriseam admin","date":"4 April 2017","format":false,"excerpt":"Automatic clinic and physician booking platform Vezeeta is set to expand its operations to Jordan this month, and will later expand to Lebanon, Al Borsa reports. 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