Brighte Layoffs
September 2022
Brighte announced a layoff affecting 58 employees in September 2022. The company operates in the Energy sector.
58
Sep 9, 2022
About
On September 9, 2022, Australian fintech company Brighte laid off approximately 58 full-time employees, representing a 27% reduction of its Australian team. The layoffs resulted from the company's decision to close business units focused on longer-term, non-core projects, including offshore expansion plans and the development of certain tech platform capabilities. This restructuring aims to accelerate Brighte's pathway to profitability by focusing solely on its core sustainable home finance business, which provides point-of-sale financing for solar, batteries, and home improvements through a network of over 2,200 vendors. The move is intended to better position the company to navigate current market conditions while continuing its mission to make homes more sustainable.
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