Sequoia scraps London office as UK employees face axe
- 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.
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…