# Sequoia scraps London office as UK employees face axe

- URL: https://talkfuse.com/story/sequoia-scraps-london-office-as-uk-employees-face-axe/
- Published: 2026-11-04T14:24:17+00:00
- Updated: 2026-11-04T17:36:09+00:00
- Original publisher: City AM (publisher lean: Right)
- Original article: https://www.cityam.com/sequoia-scraps-london-office-as-uk-employees-face-axe/
- Topics: Americas, Business, Companies, Europe, UK, World

## Key points

- Sequoia is closing its London office and cutting several jobs.
- The firm says it will still invest in European startups from California.
- The retreat comes amid a broader shift towards fewer, more selective investments.

## Summary

Sequoia Capital is closing its London office and cutting several jobs, ending its local presence six years after expanding into Europe. The Silicon Valley investor says it will continue backing European startups, with investment decisions and support increasingly handled from California.

The move reverses an expansion that began in 2020 and grew to six London-based partners by 2023. It comes as UK startups raised $23.7bn in venture capital last year, up 33 per cent on 2024, with London receiving almost three-quarters; overseas investors supplied 74 per cent of UK funding in 2025. The closure is part of a wider restructuring focused on selective investments, despite Sequoia raising about $10bn in new funds.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.