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Brex lays off nearly 20% of workforce

Neobank said layoffs part of restructuring

Vaidik TrivedibyVaidik Trivedi
January 23, 2024
in Banking
Reading Time: 4 mins read
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Expense management company and neobank Brex announced today it will lay off 282 employees, roughly 20% of its workforce.  The move will help Brex become “a high-velocity company” that is “leaner, faster and closer to customers,” Brex founder and co-chief executive Pedro Franceschi said in a release. “I realized we grew our org too quickly, making […]

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