Private 5G company Celona has cut its global workforce by 20 percent.

The company confirmed the layoffs to RCR Wireless, noting a need to "rebalance" due to "slower industrial deployments and macroeconomic uncertainty."

The layoffs have mainly impacted the sales teams in the US and Europe, taking employee numbers to around 100. Some administrative roles have also gone.

Founded in 2019, Celona offers a 5G LAN platform to help organizations deploy, operate, and integrate a 5G cellular network within existing infrastructures.

Back in 2022, DigitalBridge Ventures led a $60 million Series C funding round in California-based Celona.

Celona describes itself as a "pure play private 5G company."

“Two things happened. Number one: the market was growing and we were winning business, but the uncertainty unsettled a lot of industries, which were waiting on the fallout to decide where to invest – which sites in which countries. All of that slowed down new deployments," Rajeev Shah, chief executive at Celona, told RCR Wireless.

"Number two: some markets just didn’t take off, even though we’d invested in sales. Europe especially has been slow, even Germany, which has been a surprise. But it has been the same for everyone; the ecosystem just hasn’t moved.”

Celona provides private 5G services to a number of industries, including oil and gas, healthcare, and manufacturing.

DCD has contacted Celona for more details regarding the layoffs.