PeerStreet
🇺🇸 United StatesReal Estate
Total Affected
52
Total Events
2
Layoff History
2/21/2023US
0
affected
PeerStreet on 2023-02-21.
3/30/2020US
51
affected
PeerStreet, a Los Angeles-based fintech startup that operates a crowdfunding platform for real estate loans, laid off over 50 employees yesterday, representing 30% of its workforce. The cuts impacted all departments, making it one of the first notable fintech layoffs following the COVID-19 pandemic. This move reflects broader economic pressures affecting the tech and real estate investment sectors, as the company adjusts its operations in a shifting market environment.
30%