Tagged: downsizing

February 9, 2026 @ 8:42 pm By Omar Faridi  |  

In a move signaling ongoing efforts to refine its operations, Block Inc. (NYSE: XYZ), the fintech founded by tech billionaire Jack Dorsey, is reportedly preparing to trim its workforce by as much as 10%. This development comes as part of a broader initiative to enhance… Read More

June 28, 2023 @ 9:37 am By Omar Faridi  |  

Stock trading app provider Robinhood (NASDAQ:HOOD) has reportedly laid off another 7% of its workforce, around 150 workers. This, according to a recent update from the WSJ. With trading volumes declining considerably over the past year, the Fintech company made the cuts in order to… Read More

May 9, 2020 @ 5:34 pm By Omar Faridi  |  

Zurich-based Numbrs, a mobile banking app provider, will be laying off 62 employees after investors backed out of a deal to allocate funds toward the development of the firm’s business. In August 2019, the Fintech firm claimed that it was valued at around CHF 1… Read More

May 8, 2020 @ 2:25 pm By Omar Faridi  |  

Boston-based Fintech firm Flywire recently confirmed that it will be downsizing its operations, due to the COVID-19 outbreak and resulting economic challenges. The payment processing firm reportedly laid off 12% of its workers (around 60 employees), according to estimates from industry participants. Flywire will also… Read More