Laybuy

Buy-now-pay-later firm Laybuy, based in Auckland, has initiated a further restructuring, resulting in layoffs affecting 10% of its staff. The company, which is due to delist from the ASX this week following a troubled period in public markets, also warned that its long-stated goal of achieving profitability this financial year is now unlikely to be met. This move, announced on March 21, 2023, is part of broader efforts to navigate its financial challenges within the competitive fintech industry.

Laybuy laid off 45 employees on 2022-07-28.