FinanceGB

Freetrade Layoffs

June 2022

Freetrade announced a layoff affecting 45 employees (15% of its workforce) in June 2022. The company operates in the Finance sector.

People Affected

Percentage

15%

Announced Date

Jun 10, 2022

About

Freetrade's media division AltFi is shutting down after a decade, resulting in layoffs for its entire staff. The closure, announced by the company, comes after 18 months of severe headwinds, despite strong journalism and a loyal brand following in the fintech news sector. This marks the end of its role covering the UK fintech industry's growth and challenger brands.