Endowus, a Singapore-based digital wealth management platform, has conducted a round of layoffs affecting an unspecified number of employees. The company, which operates in the competitive fintech industry, cited a strategic restructuring to enhance operational efficiency and focus on long-term sustainability amid broader market challenges. While exact figures regarding the total workforce and the percentage impacted were not disclosed, the move reflects ongoing adjustments within the tech and financial sectors as firms navigate economic uncertainties. The layoffs were implemented recently as part of the company's efforts to streamline its operations and prioritize core business areas.
