Finder Layoffs
April 2023
Finder announced a layoff affecting 40 employees in April 2023. The company operates in the Retail sector.
40
Apr 4, 2023
About
Australian financial comparison website Finder has laid off approximately 40 employees in its second round of redundancies within three months, following an earlier cut of about 15% of its 500-strong workforce in February. This latest restructuring, aimed at simplifying operations and focusing more resources on the Australian market, reflects the ongoing downturn in the technology industry, exacerbated by Finder's troubled cryptocurrency ventures. The layoffs, confirmed in late March 2023, highlight broader challenges in the sector, where companies like Mr Yum are also implementing repeated job cuts to extend cash reserves amid difficult fundraising conditions.
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