Kueski, a Mexican fintech company specializing in online microloans, laid off approximately 90 employees, representing 30% of its workforce, as a direct measure to mitigate economic risks caused by the COVID-19 pandemic. The company, which had around 220 employees as of 2019, stated that this difficult decision was necessary to sustain operations and continue offering financial solutions. This layoff reflects broader challenges in the online lending sector during the pandemic, where economic disruptions increased risks of borrower defaults. Founded in 2012 and based in Guadalajara, Kueski is recognized as a pioneer in Mexico's fintech industry and was listed among LinkedIn's Top Startups in 2019.
