Stone

Stone, a Brazilian fintech company known for its card machines, laid off approximately 400 employees in March 2026, representing about 3% of its workforce of 14,000. The mass dismissal, primarily affecting the technology sector, was framed as a restructuring aimed at greater efficiency. The company cited ongoing simplification efforts and advancements in artificial intelligence as contributing factors. This move occurred shortly after the new CEO, Mateus Scherer, took office and followed a period of stock price volatility. The labor union for IT workers in São Paulo condemned the layoffs as anti-union and plans legal action, arguing the company bypassed required negotiations. Stone maintains it was a targeted adjustment with no impact on clients or operations.

Stone laid off 1,300 employees representing approximately 20% of its workforce on 2020-05-12.