News

June 23, 2022

Rocket Internet VC arm Global Founders Capital said to be making major staff cuts

Sifted understands the cuts will primarily affect junior and operational team members


Eleanor Warnock

2 min read

Global Founders Capital, the VC arm of German tech incubator Rocket Internet, is understood to be laying off as much as 80% of support staff given uncertainties over the investing environment amid a slowdown in tech. News of the layoffs is based on information provided to Sifted by a number of investors who have invested in GFC companies. 

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Eleanor Warnock

Eleanor Warnock is an advisor to VC firm Bek Ventures, and writes a newsletter on tech and writing. She was previously Sifted’s deputy editor. Find her on X and LinkedIn

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