Layoffs

Neobanks Decimate Staff as They Chase Sustainable Profits
Neobanks Decimate Staff as They Chase Sustainable Profits
November 03, 2022  |  Banking

There’s an old business saying that holds that you can’t cut your way to profitability. Chime and its digital peers are going to put that...

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Digital Bank Chime to Cut 12% of Staff
Digital Bank Chime to Cut 12% of Staff
November 02, 2022  |  Personnel

Digital bank Chime is cutting staff in what it says is a move to ensure the long-term success of the company. Get the Full Story...

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Delivery Startup Gopuff Cuts Hundreds of Jobs
Delivery Startup Gopuff Cuts Hundreds of Jobs
October 19, 2022  |  Delivery

Philadelphia, Pennsylvania-based delivery startup Gopuff has cut hundreds of workers as part of an earlier round of layoffs over the summer. Get the Full Story...

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Spotify Cancels 11 Podcasts, Trims Jobs
Spotify Cancels 11 Podcasts, Trims Jobs
October 07, 2022  |  Personnel

Spotify is canceling 11 of its original podcasts a move that will reportedly lead the streaming audio platform to lay off less than 5% of...

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At Stanley Black & Decker, Finance Automation Replaces Finance Jobs
At Stanley Black & Decker, Finance Automation Replaces Finance Jobs
October 03, 2022  |  B2B Payments

Declining profits at iconic tool maker Stanley Black & Decker recently led to cost-cutting layoffs, with reports the firm is laying off 1,000 finance employees...

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Facebook Parent Meta, Google Quietly Reduce Jobs
Facebook Parent Meta, Google Quietly Reduce Jobs
September 21, 2022  |  Big Tech

Two of the world’s largest tech companies have begun to quietly eliminate jobs as they endeavor to cut costs. Get the Full Story Complete the...

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London Open Banking Startup TrueLayer Cuts 10% of Staff
London Open Banking Startup TrueLayer Cuts 10% of Staff
September 16, 2022  |  Banking

Citing formidable market conditions, London open banking startup TrueLayer — valued at $1 billion last year — is laying off 10% of its staff of approximately 443...

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The European FinTechs Bucking the Layoffs Trend
The European FinTechs Bucking the Layoffs Trend
August 31, 2022  |  Fintech Investments

Around the world, the once unstoppable growth of tech companies has been called into question by successive waves of layoffs, with sectors whose strength is...

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Shopify Sees Merchant Exodus Amid Decline in Consumer Spending
Shopify Sees Merchant Exodus Amid Decline in Consumer Spending
August 08, 2022  |  eCommerce

Businesses dealing with high costs and a decline in consumer spending have begun to move away from eCommerce platform Shopify. Get the Full Story Complete...

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