FinanceGB

Zepz Layoffs

November 2023

Zepz announced a layoff affecting 30 employees (2% of its workforce) in November 2023. The company operates in the Finance sector.

People Affected

Percentage

Announced Date

Nov 30, 2023

About

Zepz, the British fintech unicorn behind WorldRemit and Sendwave, has laid off 30 employees, affecting less than 2% of its global workforce of around 1,600. This follows a larger round in May, when the company cut 26% of jobs due to role duplication after acquiring Sendwave. Valued at $5 billion, Zepz cites a focus on profitability and innovation amid a slowdown in digital payments, aiming to streamline operations while supporting impacted staff.