Thursday, 23 May, 2024

Food Supply Chain Software Maker Silo Cuts Workforce by 30% Amid M&A Talks

Silo, a software company specializing in food supply chain management, has laid off 30% of its staff as it enters discussions for potential mergers and acquisitions. The workforce reduction is part of the company's strategic move to streamline operations and position itself better for future business opportunities. This decision underscores the challenges and dynamic shifts within the food supply chain sector.