In August 2022, Brazilian fintech Warren conducted a significant layoff, dismissing nearly 50 employees, which represents over 7% of its workforce of more than 700. The cuts primarily targeted the technology sector, including front-end, UX, and data engineering roles, but also extended to administrative, purchasing, marketing, and education departments, with senior leaders like the CMO and education director being affected. The company cited a restructuring and strategic shift as reasons, despite having recently secured a R$300 million Series C funding round. This move aligns with a broader trend of workforce reductions within the fintech industry during that period.
