The resignation of Daraz CEO Bjarke Mikkelsen sent tremors throughout the company, as it was a sign that a cost-cutting effort was about to start, with as much as 25 percent of the workforce of the country’s biggest ecommerce company about to lose their jobs, including many members of senior management. Daraz was probably the country’s biggest start-up, and the possibility of its being in trouble means that the whole start-up ecosystem is in turmoil. Unfortunately, the Daraz crisis is not a one-off, as other start-ups have either had to close their doors or at........

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