Clear Layoffs

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Clear, a consumer fintech company formerly known as Cleartax, has laid off approximately 16% of its workforce, affecting around 145 employees, as part of a broader strategic restructuring that took effect on August 1, 2025. The layoffs, which occurred during the peak tax-filing season—a critical revenue period for the firm—impacted several recently hired employees, including freshers who had joined just months prior. The company, which provides taxation and financial solutions, stated it is offering enhanced severance packages, continued health insurance, and outplacement assistance to those affected. This marks the second round of job cuts in three years, following a similar reduction in 2022.

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