Finder

Financial comparison platform Finder has laid off around 60 employees globally, representing approximately 17% of its workforce, as part of its third major round of redundancies within the past year. This latest cut, announced in February 2024, follows a series of layoffs in 2023 that reduced overall staffing by nearly a quarter. The company, which operates in 20 countries and serves over 4 million monthly visitors, cited the need to streamline operations and adjust expenses to current market conditions. While primarily a fintech comparison site, the editorial team was among those affected. Finder aims to focus on future growth in its core markets despite these ongoing restructuring efforts.

Australian financial comparison website Finder has laid off approximately 40 employees in its second round of redundancies within three months, following an earlier cut of about 15% of its 500-strong workforce in February. This latest restructuring, aimed at simplifying operations and focusing more resources on the Australian market, reflects the ongoing downturn in the technology industry, exacerbated by Finder's troubled cryptocurrency ventures. The layoffs, confirmed in late March 2023, highlight broader challenges in the sector, where companies like Mr Yum are also implementing repeated job cuts to extend cash reserves amid difficult fundraising conditions.

Finder representing approximately 15% of its workforce on 2023-02-03.