FinanceUS

Capitolis Layoffs

November 2022

Capitolis announced a layoff affecting 0 employees (25% of its workforce) in November 2022. The company operates in the Finance sector.

People Affected

Percentage

25%

Announced Date

Nov 18, 2022

About

Fintech firm Capitolis is laying off 25% of its workforce due to depressed market conditions that have stifled growth in its recently launched capital marketplace unit, which connects institutional investors with banks. The layoffs, announced in November 2022, include senior figures such as co-head of equity finance James Kibbe and other leaders in the capital marketplace business. The cuts reflect broader challenges in the financial technology sector as market volatility impacts new ventures.