FinanceUS

Nav Layoffs

April 2020

Nav announced a layoff affecting 30 employees in April 2020. The company operates in the Finance sector.

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People Affected

30

Announced Date

Apr 7, 2020

Company Information

Industry
Finance
Country
US
Region
Salt Lake City
Last Updated: Apr 18, 2026

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.

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