Stash

Fintech unicorn Stash laid off approximately 40% of its workforce, affecting about 88 employees out of roughly 220, in early October 2024. This restructuring occurred shortly after CEO Liza Landsman's departure at the end of September and coincided with the return of cofounders Ed Robinson and Brandon Krieg as co-CEOs. The layoffs, which included at least three executives, mark the company's second major workforce reduction this year. Stash, a personal finance and investing app for beginners valued at $1.4 billion, faced acquisition interest, including an offer from eToro below its last valuation, but the board opted instead to pursue a new funding round to pay down debt and fund growth initiatives.

Stash laid off 80 employees representing approximately 25% of its workforce on 2024-03-13.

Stash laid off 40 employees representing approximately 10% of its workforce on 2023-05-17.

Stash laid off 32 employees representing approximately 8% of its workforce on 2022-12-06.