FinanceUS
DriveWealth Layoffs
January 2023
DriveWealth announced a layoff affecting 0 employees (20% of its workforce) in January 2023. The company operates in the Finance sector.
People Affected
0
Percentage
20%
Announced Date
Jan 26, 2023
About
In February 2023, fintech company DriveWealth conducted layoffs as part of a broader industry trend affecting even well-funded firms. While the exact number of employees impacted was not specified in the article, the layoffs reflect the challenging macroeconomic environment that prompted cost-cutting measures across the sector, including at larger peers like PayPal. The move underscores the ongoing pressures within the fintech industry during this period.
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