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Exclusive: YC-backed Mecho Autotech restructures amid macroeconomic challenges and FX volatility

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Mecho Autotech, a Nigerian startup offering automotive spare parts, vehicle repairs, and maintenance services, has laid off an undisclosed number of full-time employees from its 40-person team. The company cited Nigeria’s challenging macroeconomic conditions and foreign exchange (FX) volatility as key reasons for the downsizing.

Remaining full-time employees will transition to contract…

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