N26 Layoffs
September 2023
N26 announced a layoff affecting 14 employees in September 2023. The company operates in the Finance sector.
14
Sep 29, 2023
About
German neobank N26 is implementing further cost-cutting measures, including laying off approximately 14 employees from its recruiting and workplace management teams. This follows a previous round of layoffs earlier in the year affecting about 70 staff, or 4% of its workforce. With a current total of around 1,700 employees, these reductions reflect a decreased hiring need and a shift toward more remote work. The company, which recently moved into a large new headquarters in Berlin, is also seeking to sublet part of its office space due to lower physical attendance. N26 aims to achieve profitability in the coming year while continuing to fill select strategic positions.
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