FinanceBR

Quanto Layoffs

July 2022

Quanto announced a layoff affecting 28 employees (22% of its workforce) in July 2022. The company operates in the Finance sector.

People Affected

Percentage

22%

Announced Date

Jul 22, 2022

About

Quanto, a Brazilian open finance startup, laid off 28 employees, representing 22% of its workforce, on July 15, 2022. The company cited a challenging macroeconomic environment and the need for business adaptation as reasons for the restructuring. The cuts affected teams in technology, human resources, sales, and the legal department. This move is part of a broader wave of layoffs impacting Brazilian startups that began in April 2022. Quanto, which raised a $15 million Series A round in 2020 from major investors like Bradesco and Itaú, offered an exit benefits package to the departing employees.