FinanceUS

Motif Investing Layoffs

April 2020

Motif Investing announced a layoff affecting 0 employees (100% of its workforce) in April 2020. The company operates in the Finance sector.

People Affected

Percentage

100%

Announced Date

Apr 18, 2020

About

Motif Investing, an online investing platform, announced its shutdown on April 18, 2020, effectively laying off its entire workforce. While the exact number of employees affected was not specified, the closure was attributed to the economic pressures exacerbated by the coronavirus pandemic. Operating in the fintech industry, Motif offered thematic and socially responsible investment portfolios. The company's decision to cease operations reflects the broader challenges faced by financial technology startups during the market volatility and uncertainty of early 2020.