Layoffs

Super App Companies Scale Back Plans Amid Funding Drought
Super App Companies Scale Back Plans Amid Funding Drought
July 18, 2023  |  Investments

While consumers are excited about super apps, some investors apparently aren’t as sure. As the Financial Times (FT) noted in a report Tuesday (July 18),...

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Freightos Reduces Headcount by 13% in Operational Efficiency Plan
Freightos Reduces Headcount by 13% in Operational Efficiency Plan
July 11, 2023  |  Shipping

Freightos is reducing its headcount by 13%, or about 50 employees, as part of its plan to cut costs and boost efficiency. This operational efficiency plan...

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Payoneer to Reduce Headcount 9% to ‘Enhance Productivity and Efficiency’
Payoneer to Reduce Headcount 9% to ‘Enhance Productivity and Efficiency’
July 10, 2023  |  Personnel

Payoneer Global plans to reduce its total headcount by 9%. The FinTech company — which has 2,000 employees worldwide, according to its website — expects to complete the...

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Zip Continues Streamlining BNPL Business With 20% Layoffs
Zip Continues Streamlining BNPL Business With 20% Layoffs
July 03, 2023  |  BNPL

Australian buy now, pay later provider Zip says it is continuing to streamline its operations. And part of that streamlining apparently involves cutting 20% of...

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Robinhood Cuts 7% of Workforce Amid Slowdown in Trading Volumes
Robinhood Cuts 7% of Workforce Amid Slowdown in Trading Volumes
June 26, 2023  |  Personal Finance

Stock brokerage app Robinhood has laid off about 150 employees, or 7% of its workforce. The job cuts were made in response to a slowdown in trading...

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Grab Prepares for Layoffs Amid Slowing Growth
Grab Prepares for Layoffs Amid Slowing Growth
June 20, 2023  |  News

Singapore’s Grab is readying its largest round of job cuts in three years. The ride-hailing and food delivery platform announced Tuesday (June 20) that it...

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Report: Binance.US Cuts Jobs Following SEC Charges
Report: Binance.US Cuts Jobs Following SEC Charges
June 16, 2023  |  Cryptocurrency

Binance.US has reportedly laid off about 50 people in the wake of recent regulatory action. The job cuts, reported Friday (June 16) by Reuters, came...

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Unemployment Claims Hit Highest Level Since October 2021
Unemployment Claims Hit Highest Level Since October 2021
June 08, 2023  |  Economy

U.S. unemployment claims reached an almost two-year high last week amid ongoing layoffs. Figures released Thursday (June 8) by the Department of Labor showed initial...

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Coupa Software Cutting Jobs as Part of ‘Company Reset Strategy’
Coupa Software Cutting Jobs as Part of ‘Company Reset Strategy’
May 31, 2023  |  Spend Management

Coupa Software is cutting an undisclosed number of jobs as part of a “company reset strategy.” The job reductions at the business spend management company...

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