Tagged: layoffs

Equity Management Fintech Carta Announces Another Round of Layoffs

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

Robinhood Lays Off 150 Workers, Citing Challenging Macroeconomic Conditions, Other Issues


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

Binance Might Be Laying Off 20% of its 8000-Employee Global Workforce

Photo courtesy notionscapital on Flickr

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

Insurtech Pie Insurance to Reduce Headcount by 14%

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

Financial Services Firm Iress Repositions to Drive Growth, Announces Layoffs

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

Startups in 2023 are Facing Compensation Markets Unlike Any in Recent Memory, Carta Report Reveals

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

Fintech Affirm Reduces Size of Professional Team by 19%, Shares Sink

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

PayPal to Reduce Global Workforce by Around 2,000 Full-Time Employees

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

Digital Asset Exchange Luno Cuts 35% of Staff, Citing Tough Market Conditions

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

Fintech Amount Lays Off 18% of Staff Members

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

Canadian Fintech Wealthsimple Is Laying Off 13% of Staff

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

UK Fintech Freetrade Might Cut Up to 15% of Staff Members

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

Asian Fintech GoBear Reportedly Lays Off 22 Employees, after Securing $17 Million in Capital in May 2020

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

San Francisco based Fintech Synapse Reportedly Lays Off Half its Workforce, Now Focused on Restructuring Business Due to COVID-19

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

Silicon Valley Fintech Unicorn Brex Lays Off 62 Workers, Will “Restructure” Operations After Recently Raising $150 Million

San Francisco-based Brex, a company focused on developing B2B financial products, recently acquired $150 million in capital, in order to further strengthen its existing balance sheet and help it maintain operations during the COVID-19 outbreak. Now, the company has announced (on May 29) that it… Read More

Boston-based Fintech Flywire to Lay Off 12% of Staff Due to Challenges Related to COVID-19

Boston-based Fintech firm Flywire recently confirmed that it will be downsizing its operations, due to the COVID-19 outbreak and resulting economic challenges. The payment processing firm reportedly laid off 12% of its workers (around 60 employees), according to estimates from industry participants. Flywire will also… Read More

Digital Asset Custodian BitGo has Laid Off 12% of its Staff, Following Coronavirus Outbreak

Digital asset custody provider BitGo has reportedly laid off 12% of its employees. Several professionals working in BitGo’s marketing and sales departments have been laid off, according to sources familiar with the matter. The layoffs are the latest to hit the blockchain and crypto industry,… Read More

SoFi to Lay Off 5% of Employees

Earlier this week, online lending platform SoFi announced to its employees that, despite its successes in 2017, it will be laying off 65 employees (5% of its 1,300 workforce) in its mortgage-operations centers in Healdsburg, California and Cottonwood Heights, Utah. According to the Wall Street Journal,… Read More

Despite Kickstarter Fame Pebble Lays Off 25% Of Its Staff

Last year, Pebble hit Kickstarter for its new watch and surpassed its initial goal within just mere hours. By the end of its funding round, the startup gained $20,338,986 from 78,471 backers, which made its initiative the most funded project on the crowdfunding giant’s platform. The company previously found… Read More

Pact Coffee Confirms 16 Layoffs Following Crowdcube Cancellation

Following the announcement that it has canceled its equity crowdfunding campaign on Crowdcube, Pact Coffee has confirmed it has made 16 redundancies. Pact Coffee, which was founded in 2012 by Stephen Rapoport, revealed that it is on a mission to change the coffee industry for the better… Read More

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