FinanceUS

SoFi Layoffs

January 2024

SoFi announced a layoff affecting 0 employees (4% of its workforce) in January 2024. The company operates in the Finance sector.

People Affected

Percentage

Announced Date

Jan 10, 2024

About

SoFi, a financial technology company, laid off approximately 60 employees, representing about 5% of its workforce, in January 2023. The layoffs were part of a strategic restructuring to streamline operations and improve efficiency amid broader economic uncertainty. The fintech industry has faced significant challenges, and SoFi, as a publicly traded company, made this adjustment to better position itself for future growth.