UK paytech GoCardless lays off 15% of its workforce
GoCardless cites the current economic environment as the reason behind the layoffs.
GoCardless cites the current economic environment as the reason behind the layoffs.
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Marqeta is undertaking “restructuring actions” in Q2 this year to reduce operating expenses.
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The cuts amount to around 20% of the start-up’s total workforce, according to TechCrunch.
Both banks laid off around 500 employees last week, according to media reports.
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The cuts will fall largely on Zepz’s customer care and engineering teams, CNBC reports.
N26 says the cuts are a result of the firm “sharpening its focus on its strategic priorities”.
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A dearth of deal making is to blame, Bloomberg reports, with a 32% decline in the bank’s merger advisory arm.
Open says the cuts were based on employee performance.
The cuts come as the company looks to form “a more efficient and focused organisational structure”, Iress says.
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In this episode of the podcast, we’re joined by Charlotte Crosswell, chair of the newly formed CFIT.
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Copper intends to “realign” its business to focus on its custody and prime services solutions.
Despite a “robust and growing” business, Anchorage says the cuts are a necessary part of a “strategic realignment”.
Signature Bank is a large lender in the cryptosphere.
The fresh funding comes just weeks after the firm’s decision in January to lay off 120 staff.
Thought Machine intends to hire across India, Japan and South Africa for the first time.
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The fintech’s board dismissed Bally over differences in approach to “leadership and communications”.
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The job cuts were made in response to “significant decreases” in mortgage volumes, Wells Fargo says.
More than 100 employees at the firm have been affected, Techweez reports.
A new cartoon illustrating how private market valuations have been impacted in the current environment.
Nationwide confirmed it is cutting around 450 jobs as it looks to “streamline” its non-customer-facing teams.
The company intends to double down on its core business while “sunsetting” initiatives including Affirm Crypto.
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Bloomberg reports the cuts have taken place over the past few weeks.
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The job cuts will see PayPal reduce its total staff headcount be around 7%.
Upstart is also suspending development of its small business loan product.
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Luno’s CEO cites the global economic downturn and the crypto winter as reasons behind the layoffs.
In this episode, we’re joined by Leda Glyptis of 10x Banking to chat about her new book – Bankers Like Us.
Impacted employees have reportedly been invited to apply for other positions at the firm.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Company execs say the layoffs are a result of “reduced marketplace revenue” due to interest rate increases.