Tagged: layoffs

February 4, 2025 @ 8:13 am By Omar Faridi  |  

Bank payments Fintech GoCardless has released its UK Companies House filing for fiscal year 2024, indicating growth in various markets including North America. GoCardless, which claims it managed to lower losses after a 20% reduction in company staff, says it has now shifted some employees… Read More

January 24, 2025 @ 1:36 pm By Omar Faridi  |  

In a move that has sent ripples across the fintech and broader financial services sectors, Stripe, the global payment processing giant, announced a reduction in its workforce by 300 employees. Financial infrastructure firm Stripe’s management claimed that this restructuring is reportedly part of a broader… Read More

January 3, 2025 @ 7:09 am By Omar Faridi  |  

Digital payments processing Fintech Checkout.com has reportedly cut staff members following significant sales losses. UK-headquartered payments processing Fintech Checkout.com has slashed nearly a quarter of its professional work-force after a considerable decline in reported revenue. As indicated in Checkout.com’s accounts for the financial year 2023,… Read More

July 12, 2024 @ 5:27 am By Omar Faridi  |  

Pakistan based Fintech firm Sadapay has reportedly laid off around 30% of its employees, which includes sevearl C-suite execs, according to an update shared by local sources. Sadapay claims that the layoffs were made due to cost-cutting measures and the decision was announced during a… Read More

June 20, 2024 @ 10:25 am By Omar Faridi  |  

Bluevine is reportedly laying off around 12% of its Israel-based workforce. Bluevine says it is on a mission to enable “a better financial future for small business owners through innovative banking solutions designed just for them.” By combining technology and security with their team’s expertise… Read More

June 8, 2024 @ 9:35 pm By Omar Faridi  |  

Mihkel Stamm, CEO of Estateguru, says that the firm will reach profitability by the end of the year. Estateguru, a real estate-backed crowdfunding platform, announced several decisions this week that should “enable the company, which has struggled with losses in recent years, to end this… Read More

November 14, 2023 @ 8:05 pm By Omar Faridi  |  

US-headquartered equity management Fintech Carta is reportedly announcing another round of layoffs. As first reported by Fortune, three workers have stated that San Fransisco-headquartered Carta is currently going through a restructuring process for the third time in 2023. The two other layoff announcements had been… Read More

June 28, 2023 @ 9:37 am By Omar Faridi  |  

Stock trading app provider Robinhood (NASDAQ:HOOD) has reportedly laid off another 7% of its workforce, around 150 workers. This, according to a recent update from the WSJ. With trading volumes declining considerably over the past year, the Fintech company made the cuts in order to… Read More

June 1, 2023 @ 9:00 am By Omar Faridi  |  

Binance, which claims to be the world’s largest cryptocurrency exchange in terms of overall trading volume and scope of operations, recently revealed that it may be reassessing its workforce following numerous other industry-wide reports of layoffs and an extended bear market. On Wednesday (May 31,… Read More

May 22, 2023 @ 9:59 pm By Omar Faridi  |  

On Thursday, May 18, 2023, Insurtech Pie CEO, John Swigart, shared an important message with all “Pie-oneers.” Swigart noted that as Dax and him shared with the team earlier, during their all-hands meeting, they’ve made “the very hard decision to reduce their headcount by about… Read More

April 21, 2023 @ 3:16 pm By Omar Faridi  |  

Iress has announced changes “to its operating structure and senior leadership teams following a strategic review of its business.” The change forms “part of the steps the company is taking to strengthen its position in all markets, drive innovation and help the industry tackle the… Read More

March 3, 2023 @ 10:07 am By Omar Faridi  |  

Startups in 2023 are facing compensation markets “unlike any in recent memory,” according to an update from Carta. Layoffs have “afflicted large, public tech companies as well as companies across the VC ecosystem.” In the private markets, declining valuations and increasing intervals between funding rounds… Read More

February 9, 2023 @ 11:46 am By Omar Faridi  |  

Max Levchin, Founder and CEO at Affirm (NASDAQ: AFRM), has shared an update with their employees and that he also wants to share the message publicly. In a move to reduce costs in a flagging market, Affirm will be slashing its workforce. Affirm reported earnings… Read More

February 2, 2023 @ 10:16 am By Omar Faridi  |  

The following message was shared with PayPal (NASDAQ: PYPL) employees recently by President and CEO Dan Schulman. Dan noted that over the past year, PayPal made significant progress in “strengthening and reshaping their company to address the challenging macro-economic environment while continuing to invest to… Read More

January 26, 2023 @ 8:19 am By Omar Faridi  |  

Digital asset exchange Luno will reportedly be cutting 35% of Its staff. Luno’s management stated that the upcoming job cuts will impact company workers in all supported regions. Luno is part of the Digital Currency Group (DCG) and reports having over ten million customers globally…. Read More

July 3, 2022 @ 9:07 pm By Omar Faridi  |  

Virtual banking tech provider Amount is the latest Fintech firm to trim down its workforce, reducing its employee headcount by around 18%, according to a recent report from TechCrunch. Amount offers retail banking and point-of-sale tech to customers such as Banco Popular, HSBC, Regions Bank… Read More

June 16, 2022 @ 8:25 am By Omar Faridi  |  

Wealthsimple is reportedly laying off 13% of its staff members as the financial services firm joins the slew of global technology businesses facing market “immense volatility.” In a letter to staff of the Toronto-headquartered company on Wednesday, CEO Michael Katchen noted that 159 of the… Read More

June 13, 2022 @ 7:29 am By Omar Faridi  |  

During an internal “All Hands” meeting held this past Thursday (June 9, 2022), the challenger stockbroking app, Freetrade, revealed that it will be implementing redundancies for around 15% of its staff members. Freetrade‘s management recently noted that it is planning to make up to 15%… Read More

September 2, 2020 @ 9:34 pm By Omar Faridi  |  

Asian Fintech firm GoBear, which secured $17 million in capital in May 2020 to expand operations, has reportedly decided to lay off 22 staff members – which includes 6 workers based in Singapore. GoBear’s management has also laid off employees based in Ukraine, Vietnam, and… Read More

June 14, 2020 @ 10:08 pm By Omar Faridi  |  

San Francisco-based Fintech firm SynapseFI has reportedly cut down the number of employees on its payroll. The company is also planning to expand its operations in Texas in order to diversify its business strategy and survive the COVID-19 crisis. Synapse offers several back-office financial products… Read More