FinanceGB

Zepz Layoffs

February 2025

Zepz announced a layoff affecting 200 employees (20% of its workforce) in February 2025. The company operates in the Finance sector.

People Affected

200

Percentage

20%

Announced Date

Feb 12, 2025

About

London-based fintech Zepz, the parent company of WorldRemit, is laying off approximately 200 IT employees, which represents about 20% of its global workforce of 1,000. The layoffs, part of a broader cost-cutting initiative announced in January, affect roles in database administration, development operations, and software engineering. The company cites the completion of its replatforming efforts, enhanced by automation and AI, as reducing the need for certain technical capacities. As part of this restructuring, Zepz is also proposing the closure of its business units in Kenya and Poland, aiming to streamline operations to support its long-term strategic goals and sustainable growth in the competitive digital remittances industry.