Robinhood culls 300 in 10% headcount cut as fintechs retrench
Robinhood Markets Inc. said it’s cutting 10% of its workforce, a reduction of around 300 positions, to “remain lean and ...
Tag: layoffs
Laid-off Meta workers may have future in FinAi
Technology companies and financial institutions are open to hiring some of the 600 AI unit employees laid off by Meta ...
Brex lays off nearly 20% of workforce
Expense management company and neobank Brex announced today it will lay off 282 employees, roughly 20% of its workforce. The ...
Scotiabank to cut 3% of staff as CEO Thomson plots new direction
Bank of Nova Scotia will dismiss 3% of its employees and take a writedown on its investment in a Chinese ...
Ally Financial starts job cuts with less than 5% of staff affected
Ally Financial Inc. started cutting jobs on Monday, initiating a workforce reduction that will affect less than 5% of the ...
Banks look to tech as they slash jobs
Barclays, CitiGroup, Truist Financial and Santander announced layoffs this week as they look to cut costs and gain efficiencies. Truist ...
Planned layoffs have quadrupled so far this year in the US
US companies have announced more job cuts this year than during all of 2022, according to executive coaching firm Challenger, ...
Tech layoffs continue as Shopify shrinks team by 20%
Roughly 20% of e-commerce platform Shopify’s team has been dropped from the company with the sale of its logistics business ...
February tech layoffs: 68,500 impacted in 2nd round of cuts
A February wave of layoffs in the tech industry has left many without work amid a looming recession. Within the ...
DocuSign to cut 10% of workforce in restructuring plan
DocuSign announced a restructuring plan via SEC filing Thursday detailing its plans to cut “approximately” 10% of its roughly 7,000 ...
