UK fintech Paddle cuts 8% of workforce
Founder and CEO Christian Owens says the firm is looking to “adapt to what will be leaner times going forward”.
Founder and CEO Christian Owens says the firm is looking to “adapt to what will be leaner times going forward”.
AFR reports the firm has also appointed three new board members and plans to go public.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
CEO Kris Marszalek says several factors have led to the decision to let go of around 800 employees.
The cuts amount to around 6.5% of the total staff headcount at Goldman and less than 3% at BlackRock.
Coinbase CEO and co-founder Brian Armstrong says he is “still optimistic about our future and the future of crypto”.
The news comes after Wyre was set to be acquired by e-commerce checkout fintech Bolt in April last year for $1.5bn.
FinTech Futures takes a look back at a bruising year of job cuts in fintech.
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Here’s our pick of five of the top news stories from the world of finance and tech this week.
Plaid CEO Zach Perret told employees “our pace of cost growth outstripped our pace of revenue growth”.
The layoffs follow a round of job cuts in August that saw its workforce reduced by 21%.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The firm is laying off 1,100 employees in order to “adapt to current market conditions”.
According to The Evening Standard, Zilch is planning a restructuring that could see dozens of jobs cut.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Williams was formerly CTO at Monzo where they helped scale the engineering and data team by 500%.
Bloomberg reports that the cuts to the workforce are expected to be staggered.
The layoff comes just two months after it shed 10% of its workforce.
The three firms join an ever-increasing list of fintechs hit by the current economic volatility and uncertainty.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The cuts to its workforce will return Stripe to its February 2022 headcount of almost 7,000 people.
Upstart says it is “making this difficult decision for the long-term health of the company”.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
CEO Ulrich Körner says the restructuring is a “historic moment for Credit Suisse”.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Brex is set to lay off 136 employees – approximately 11% of its total workforce.
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Xendit says affected employees will receive “suitable compensation” alongside additional benefits.
The BNPL giant is planning more cuts after laying off approximately 700 staff back in May.
Despite “significant growth” in payment volumes over the last 12 months, the firm is looking to cut 40 employees.
Kuda says cuts were made across growth, marketing and product departments in the company.
The firm will be laying off most of its workforce on 9 September 2022.
Swyftx says 74 employees will be laid off as the firm grapples with global economic uncertainty.
This new cartoon illustrates how different companies are dealing with the onset of the recession.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Clearco founders cite rising interest rates, high inflation and e-commerce growth slowdown as factors.
Robinhood CEO Vlad Tenev says previous staff cuts announced in April “did not go far enough”.
The key to managing this downturn is to focus entirely on your own circumstances.