Rapyd Layoffs
November 2022
Rapyd announced a layoff affecting 0 employees in November 2022. The company operates in the Finance sector.
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Nov 22, 2022
About
Israeli fintech company Rapyd is laying off dozens of employees in the coming months, following its acquisition and merger with Icelandic company Valitor. The downsizing comes as the Tel Aviv-based digital payments platform integrates operations after completing the delayed $100 million Valitor deal, which added about 300 employees globally. Rapyd, valued at $8.75 billion in 2021 and operating in the competitive fintech sector alongside players like Stripe and PayPal, is restructuring its workforce as part of planning for 2023-2024. The layoffs, announced in November 2022, affect various teams and management levels, reflecting post-merger consolidation in the high-growth tech industry.
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