GoCardless

GoCardless laid off 90 employees on 2026-04-14. The company is at the Series G funding stage and operates in the Finance sector.

UK fintech unicorn GoCardless laid off approximately 135 employees, representing 15% of its global workforce, in June 2023. The company, valued at $2.1 billion and employing around 800 people after the cuts, made this decision to prioritize profitability and reduce costs amid a challenging economic environment and a funding drought. CEO Hiroki Takeuchi stated the move focuses the business on core areas while scaling back longer-term investments. The layoffs affected roles in the UK, US, Australia, and New Zealand, and the senior leadership team was also reduced by about 25%. This aligns with a broader trend of job cuts in the fintech sector as companies adjust to market pressures.

In April 2020, GoCardless, a UK-based fintech company specializing in recurring payments, announced cost-cutting measures including layoffs in response to the COVID-19 pandemic's economic impact. The company cited a 10% decline in April processing volumes, particularly from health & fitness, membership organizations, and small businesses, despite strong new business bookings. To ensure long-term viability amid projected revenue drops and a challenging macroeconomic environment, GoCardless reduced its workforce, though the exact number of layoffs and percentage were not publicly detailed in this announcement. The move aimed to preserve cash and steer the loss-making startup toward profitability during the global crisis.