In October 2022, Recharge, a subscription management platform, announced a workforce reduction of 17%, affecting 84 employees. The layoffs were driven by challenging market conditions, including macroeconomic headwinds, weaker industry trends, and slower consumer spending. Leadership stated the decision was part of a reorganization to focus resources and ensure a longer, more sustainable runway for building merchant solutions. The company emphasized its commitment to supporting departing team members with severance, extended benefits, and job transition services.
