Financial technology company MX, a Utah-based "unicorn" valued at $1.9 billion last year, has laid off approximately 200 employees. The layoffs, confirmed by a former manager in October 2022, are part of a reduction and reorganization effort by the company to "better deliver on our mission." While the exact percentage of its workforce affected is not specified, the cuts reflect a broader trend of staff reductions among tech companies, including in Utah. MX operates in the competitive fintech industry from its headquarters in Lehi.
