In May 2020, fintech company Acorns laid off between 50 to 70 employees, primarily from its internal support team, as part of broader business changes. This represented a small percentage of its workforce, though the exact total employee count wasn't specified. The layoffs coincided with the closure of its Portland office and a shift to outsourcing customer support to TaskUs, which will add about 80 external roles. Despite this restructuring, Acorns was experiencing significant growth, having reached 7 million sign-ups amid increased interest in investing during the coronavirus pandemic. The company, based in Irvine, California, also faced challenges with its new debit card product due to reduced consumer spending.
