In January 2023, the fintech startup Greenlight, which provides debit cards and financial education tools for kids, laid off 104 employees. This reduction represented over 21% of its then total workforce of 485 people, leaving the company with 381 staff. The layoffs were implemented to optimize operating expenses and better align with the challenging macroeconomic environment and ongoing economic slowdown. The Atlanta-based company, which had raised significant venture funding, stated it remains committed to its mission of improving financial literacy for families while focusing on serving its growing customer base in the year ahead.
