FinanceUS
Nav Layoffs
April 2020
Nav announced a layoff affecting 30 employees in April 2020. The company operates in the Finance sector.
People Affected
30
Announced Date
Apr 7, 2020
About
Nav, a fintech startup providing credit solutions to small businesses, laid off 30 employees, representing 20% of its workforce, across all departments. The layoffs occurred in Salt Lake City as the company, like many in the fintech sector, faced economic pressures due to the coronavirus pandemic, which particularly impacted startups reliant on transaction-based revenues.
Source
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