Tagged: layoffs

October 8, 2026 @ 7:03 am By Omar Faridi  |  

HSBC (NYSE: HSBC) is preparing substantial staff reductions inside its British wealth management operations, according to reports that first appeared in the FT on 7 October 2026. The changes form part of a wider effort to embed artificial intelligence more deeply into how the bank… Read More

October 4, 2026 @ 8:27 pm By Omar Faridi  |  

Anchorage Digital, the US digital asset bank that became the first crypto firm to secure a national trust charter from the Office of the Comptroller of the Currency (OCC) in 2021, has reduced its workforce by 17 percent. Chief executive Nathan McCauley informed staff of… Read More

September 25, 2026 @ 9:07 am By Omar Faridi  |  

Swedish open banking company Trustly is reducing its workforce by about a quarter, eliminating roughly 200 positions worldwide as it tries to simplify its structure and put more money behind a smaller set of priorities. The company, based in Stockholm, employs more than 800 people… Read More

August 12, 2026 @ 4:59 pm By Omar Faridi  |  

San Francisco-based crypto asset manager Bitwise Asset Management has trimmed roughly 14 percent of its global staff, bringing its headcount down from approximately 180 employees to around 155. The company confirmed the reduction in an emailed statement, noting that the changes took place during an… Read More

August 5, 2026 @ 2:27 am By Omar Faridi  |  

Pump.fun, the Solana-based platform that allows users to quickly launch meme coins, has come under scrutiny following reports that it terminated employees just weeks or months before their company token grants were set to begin unlocking. An investigation by Sandmark, drawing on internal documents, emails,… Read More

August 3, 2026 @ 6:12 am By Omar Faridi  |  

Chime (NASDAQ: CHYM), the consumer-focused fintech firm, has announced plans to reduce its staff by approximately 10 percent. The decision will impact nearly 150 employees at a company that employed about 1,500 people at the close of the previous year. Leadership at the Fintech firm has… Read More

June 26, 2026 @ 1:38 am By Omar Faridi  |  

BitGo (NYSE: BTGO), a provider of digital asset custody and infrastructure services for institutional clients, has announced a significant restructuring. The digital assets focused company will reduce its workforce by nearly 15 percent in a targeted move designed to concentrate resources on high-priority growth areas…. Read More

May 27, 2026 @ 2:29 pm By Omar Faridi  |  

Branch International—a San Francisco-based digital lending and banking platform backed by Visa (NYSE: BRK) – has implemented targeted workforce reductions in Kenya and Nigeria. The company, known for providing accessible credit and financial services to underserved consumers in emerging markets, described the cuts as a… Read More

May 18, 2026 @ 6:52 am By Omar Faridi  |  

PayPal (NASDAQ:PYPL) like other Fintech companies in this challenging environment is navigating a strategy of workforce optimization and artificial intelligence integration with key players like Anthropic. This approach aims to enhance operational efficiency while addressing competitive pressures in a digital-first economy. Recent developments highlight how… Read More

May 12, 2026 @ 12:20 am By Omar Faridi  |  

Germany’s second-largest lender, Commerzbank, has announced a significant workforce reduction of up to 3,000 positions as it accelerates efforts to strengthen its financial performance and maintain its independence amid mounting pressure from an Italian rival. The move forms part of a broader overhaul designed to… Read More

May 11, 2026 @ 11:23 pm By Omar Faridi  |  

PayPal Holdings Inc. (NASDAQ:PYPL) is preparing one of the largest workforce reductions in its history. According to a person familiar with the matter, the payments giant plans to cut around 20% of its global workforce over the next two to three years. With roughly 23,800… Read More

April 14, 2026 @ 8:29 am By Omar Faridi  |  

Meta (Facebook) (NASDAQ:META) is reportedly considering significant staff cuts that could affect at least 20% of its employees. According to unnamed insiders who shared insights with Reuters, the specifics—such as the exact schedule—remain undecided. A company representative dismissed the claims, describing them as “hypothetical speculation on… Read More

April 6, 2026 @ 7:01 am By Omar Faridi  |  

Bolt, a Fintech startup that rose to prominence with its one-click checkout technology before rebranding as an all-in-one “super app,” has slashed roughly one-third of its workforce and let go of most independent contractors. The reductions stem from acute cash shortages that have left the… Read More

April 4, 2026 @ 10:10 pm By Omar Faridi  |  

The latest labor market data for March revealed a stronger-than-anticipated performance in the United States, with employers adding 178,000 positions during the month. This figure surpassed most economists’ projections, offering what appears on the surface to be a reassuring signal about the resilience of US… Read More

April 2, 2026 @ 6:23 pm By Omar Faridi  |  

Oracle Corporation (NYSE: ORCL) recently initiated large-scale staff reductions, affecting thousands of employees worldwide as part of a cost-cutting drive. This move coincides with an explosive global uptake of artificial intelligence technologies, where businesses are pouring considerable resources into AI-powered tools and infrastructure to stay… Read More

March 30, 2026 @ 11:47 pm By Omar Faridi  |  

Vienna-based Speedinvest, one of Europe’s most active early-stage venture capital players, has announced a roughly 10 percent reduction in its team size. The cuts, which focus mainly on operational and support functions, were shared internally during an all-hands meeting and follow several months of elevated… Read More

March 27, 2026 @ 8:34 am By Omar Faridi  |  

Elon Musk’s SpaceX is poised to rewrite the IPO playbook. According to reports from Reuters, the rocket giant is considering reserving up to 30% of its shares for individual investors—three times the usual 5-10% allocation in typical listings.  This retail slice, expected in a potential… Read More

March 20, 2026 @ 5:38 am By Omar Faridi  |  

Digital assets trading platform Crypto.com has undertaken a substantial workforce adjustment, eliminating approximately 12 percent of its positions. This decision impacts around 150 team members and reflects the company’s strategic emphasis on leveraging artificial intelligence to optimize its business operations. The Singapore-based exchange, recognized for… Read More

March 6, 2026 @ 10:30 am By Omar Faridi  |  

Morgan Stanley (NYSE:MS) has initiated a significant workforce reduction, eliminating around 2,500 positions globally—roughly 3% of its total staff. The moves affect key areas including investment banking, trading, wealth management, and investment management, while leaving financial advisors untouched. This restructuring follows a year of solid… Read More

February 9, 2026 @ 8:42 pm By Omar Faridi  |  

In a move signaling ongoing efforts to refine its operations, Block Inc. (NYSE: XYZ), the fintech founded by tech billionaire Jack Dorsey, is reportedly preparing to trim its workforce by as much as 10%. This development comes as part of a broader initiative to enhance… Read More