Melio Layoffs
August 2022
Melio announced a layoff affecting 60 employees in August 2022. The company operates in the Finance sector.
60
Aug 9, 2022
About
Israeli fintech unicorn Melio laid off 60 employees, primarily from its U.S.-based sales and customer success teams, in August 2022. The company, which had raised $250 million at a $4 billion valuation the previous year, cited a strategic shift in product priorities as the reason for the workforce reduction. While parting with these team members, Melio emphasized its commitment to treating affected employees thoughtfully with severance and support, and stated it would continue hiring for its R&D teams to pursue new strategic opportunities.
Related Events
More Finance Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl