TrueLayer Layoffs
September 2022
TrueLayer announced a layoff affecting 40 employees (10% of its workforce) in September 2022. The company operates in the Finance sector.
40
10%
Sep 16, 2022
About
TrueLayer, a fintech company, has announced the closure of its AltFi media business after 10 years of operation. While specific layoff numbers were not disclosed, the shutdown implies the entire AltFi team is affected. The decision comes after facing severe headwinds over the past 18 months, despite strong journalism and brand loyalty. The company expressed gratitude to its staff, readers, and partners for their support over the decade, highlighting its role in covering the UK fintech industry's growth. This move reflects challenges in the media sector within fintech, impacting a specialized news provider that had become a trusted source for industry insights.
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