PagBank Layoffs
January 2023
PagBank announced a layoff affecting 500 employees (7% of its workforce) in January 2023. The company operates in the Finance sector.
500
7%
Jan 16, 2023
About
In January 2023, PagBank, the digital bank of PagSeguro, conducted a significant layoff, dismissing approximately 7% of its workforce, which equates to about 500 employees out of a total of roughly 7,000. The neobank stated these cuts were aimed at improving company efficiency following a period of team growth, aligning with broader trends seen among technology companies and fintechs globally. The layoffs impacted all areas, with a notable concentration in technology roles such as agile development, product, and UX. This move was part of a series of workforce reductions observed in Brazilian companies at the start of the year.
More Finance Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl