Amount Layoffs
June 2022
Amount announced a layoff affecting 0 employees (18% of its workforce) in June 2022. The company operates in the Finance sector.
0
18%
Jun 27, 2022
About
In June 2022, fintech unicorn Amount laid off 18% of its workforce, affecting approximately 72 employees based on its reported total of 400 staff. The company, valued at over $1 billion in 2021 and spun out from online lender Avant, cited the challenging macroeconomic environment as the reason for these proactive adjustments to ensure long-term health. Operating in the enterprise software sector for banking, Amount helps financial institutions digitize their infrastructure rapidly. Despite significant funding and partnerships with major banks, the firm took this step to navigate economic uncertainties and sustain future growth.
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