N26 Layoffs
April 2023
N26 announced a layoff affecting 71 employees (4% of its workforce) in April 2023. The company operates in the Finance sector.
71
4%
Apr 28, 2023
About
Berlin-based digital bank N26 announced layoffs affecting 71 employees in late April 2023, representing about 4% of its then workforce of over 1,700. The fintech company cited significant and lasting changes in the global business environment as it moves to sharpen its focus on strategic priorities and adjust its personnel structure accordingly. This move, part of a broader trend of job cuts in the fintech sector, comes as N26 aims to achieve profitability by 2024, following reported losses and regulatory growth constraints. The affected employees are to receive comprehensive severance packages.
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