Overview
- The reduction equals about 8% of Ualá’s regional workforce across Argentina, Mexico and Colombia.
- Company sources described a transversal reorganization and said no additional layoffs are planned this year.
- Some outlets noted the announcement came shortly after La Libertad Avanza’s electoral gains and referenced prior meetings between founder Pierpaolo Barbieri and President Javier Milei.
- The move follows a May 2024 adjustment that cut about 140 jobs after acquisitions created overlapping positions.
- Recent financing expanded Ualá’s Series E by $66 million in March 2025 to $366 million total, placing its valuation near $2.8 billion.