Clear

Clear, a consumer fintech company formerly known as Cleartax, has laid off approximately 16% of its workforce, affecting around 145 employees, as part of a broader strategic restructuring that took effect on August 1, 2025. The layoffs, which occurred during the peak tax-filing season—a critical revenue period for the firm—impacted several recently hired employees, including freshers who had joined just months prior. The company, which provides taxation and financial solutions, stated it is offering enhanced severance packages, continued health insurance, and outplacement assistance to those affected. This marks the second round of job cuts in three years, following a similar reduction in 2022.

Clear, a Bengaluru-based fintech SaaS platform formerly known as Cleartax, laid off approximately 190 to 200 employees on September 15, 2022, representing about 20% of its workforce. The cuts affected multiple departments, including tech, product, and sales, as part of a restructuring effort to extend the company's financial runway amid a broader decline in startup funding. This move occurred nearly a year after Clear raised $75 million in a Series C round led by investors like Kora Capital and Stripe, and followed recent acquisitions aimed at expanding its compliance and financing services. The layoffs reflect a challenging environment for Indian startups, which have seen significant workforce reductions in 2022.