Simpl Layoffs
April 2023
Simpl announced a layoff affecting 150 employees (25% of its workforce) in April 2023. The company operates in the Finance sector.
150
25%
Apr 9, 2023
About
In April 2023, the buy-now-pay-later fintech startup Simpl laid off over 150 employees, which constituted more than 25% of its workforce. The Bengaluru-based company, which had raised $83 million in funding, undertook this significant cost-cutting measure to extend its financial runway and become a leaner organization amidst challenging economic conditions. The layoffs, communicated via email and a virtual town hall by the CEO, affected staff across various departments. This move followed a period of rapid growth and mounting losses, reflecting broader pressures within the BNPL industry.
Source
View Sourceentrackr.comMore Finance Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl