FinanceDE

Smava Layoffs

August 2022

Smava announced a layoff affecting 100 employees (10% of its workforce) in August 2022. The company operates in the Finance sector.

People Affected

100

Percentage

10%

Announced Date

Aug 31, 2022

About

The German fintech company Smava, a Berlin-based consumer loan comparison portal, has laid off approximately 10% of its workforce, affecting nearly 100 employees out of a total of around 1,000. The staff was informed of the cuts yesterday, with the layoffs impacting virtually all departments, including IT and marketing. This move is part of an ongoing wave of job reductions within the German fintech industry, reflecting broader market adjustments and challenges in the sector.