FinanceAU

Till Payments Layoffs

January 2023

Till Payments announced a layoff affecting 120 employees in January 2023. The company operates in the Finance sector.

People Affected

120

Announced Date

Jan 10, 2023

About

Sydney-based fintech company Till Payments has laid off 120 employees as part of a significant company-wide restructuring, driven by inflationary pressures and a challenging global economic outlook. The layoffs, announced on January 10, 2023, affected staff across its operations in Australia, New Zealand, the UK, and North America. This move coincides with the appointment of three new board members and reflects broader difficulties facing venture-backed tech firms in the payments industry. While the exact total workforce and percentage reduction were not specified, the cuts underscore the company's efforts to navigate a tough financial environment amid economic contraction.