Melio Layoffs
March 2024
Melio announced a layoff affecting 40 employees (7% of its workforce) in March 2024. The company operates in the Finance sector.
40
7%
Mar 4, 2024
About
Fintech unicorn Melio is laying off approximately 7% of its workforce, affecting about 40 employees primarily based in Israel, as part of an organizational restructuring announced in early March 2024. Prior to the layoffs, the company employed around 650 people globally, with 400 in Israel. This marks the second round of layoffs for the company, though the first in 2022 did not impact its Israeli branch. Management cited that the company's rapid growth—with the Israeli branch expanding from about 90 to over 400 employees in three years—led to inefficiencies in some departments, necessitating this difficult structural change to better align with future goals.
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