Petal Layoffs

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Petal, a New York City-based fintech company that provides credit cards to individuals without established credit scores, laid off at least 10 employees last week. The layoffs impacted various departments, though the exact total number affected remains unclear. While the company's overall employee count is not specified, this reduction reflects broader challenges in the fintech sector, where many startups are streamlining operations amid economic pressures. The event underscores the ongoing adjustments within the tech industry as companies navigate uncertain market conditions.

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