Daylight Layoffs
May 2023
Daylight announced a layoff affecting 0 employees (100% of its workforce) in May 2023. The company operates in the Finance sector.
0
100%
May 22, 2023
About
Daylight, an LGBTQ+ focused neobank in the fintech industry, is shutting down entirely, ceasing operations on June 30, 2023. The closure follows significant turmoil, including a lawsuit from former employees alleging discrimination and misconduct by the CEO, as well as a reported inability to sustain its services profitably. The startup, which had raised $20 million in venture capital, is effectively laying off its entire workforce as it winds down. CEO Rob Curtis cited the challenge of covering costs and suggested that serving the LGBTQ+ community might be better suited for larger banks.
More Finance Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl