Sequoia scraps London office as UK employees face axe

Sequoia Capital is closing its London office and reducing staff as part of a broad restructuring to refocus on Silicon Valley. The US investor, known for backing Apple, Airbnb and Stripe, is exiting the British market six years after its European expansion. This strategic retreat is viewed as a setback for the UK's ambitions to establish itself as a primary leader within the AI industry, as the venture capital firm shifts its operational priorities.