FinanceUS

Oportun Layoffs

February 2023

Oportun announced a layoff affecting 155 employees (10% of its workforce) in February 2023. The company operates in the Finance sector.

People Affected

155

Percentage

10%

Announced Date

Feb 9, 2023

About

Oportun Financial, a consumer finance company providing personal loans, announced on Thursday a plan to streamline its operations, which includes a workforce reduction of approximately 10%. This layoff impacts about 155 employees out of its total workforce. The decision is part of broader cost-cutting measures that also involve reducing expenditure on external contractors. The move reflects the company's efforts to improve operational efficiency in the competitive financial services industry.