Shulou(Shulou.com)11/24 Report--

Beijing time on November 7 news, Recently, With the technology market cold wave hit, Several European and American financial technology companies have laid off staff to cut costs, In response to other macroeconomic challenges brought about by the economic downturn.

Chime

US digital bank Chime confirmed it would lay off 12 percent of its workforce, or about 160 people. Chris Britt, co-founder of Chime, said the move was one of many to help the company thrive "regardless of market conditions," according to an insider source. Britt said he and co-founder Ryan King are realigning marketing spending, reducing the number of contractors, adjusting workspace needs and renegotiating with vendor contractors.

Chargebee

SaaS"Unicorn"Chargebee announced it had laid off about 10 percent of its workforce, or about 142 employees. Chargebee, backed by prominent investors such as Tiger Global Management Fund and Sequoia Capital India, restructured and laid off about 10 percent of its workforce due to ongoing global macroeconomic challenges and growing operating debt,"Jagmeet reported Nov. 2.

Stripe

US payments giant Stripe claims to have laid off 14% of its workforce, and about 1120 people will be affected. Stripe CEO Patrick Collison revealed the reasons for the round of layoffs, according to foreign media reports,"as the e-commerce boom driven by the new crown epidemic triggered a massive hiring boom, after a significant period of growth, facing inflation, rising interest rates and other macroeconomic challenges caused by the economic downturn. "

Pleo

Danish fintech company Pleo could lay off 15 percent of its workforce, or about 150 people. Less than a year ago, Pleo raised $200 million, valuing it at $4.7 billion. Its co-founder and CEO, Jeppe Rindom, revealed that the company's new strategy will impact 15 percent of jobs.

Opendoor

American online real estate company Opendoor announced it was laying off 18 percent of its workforce, or about 500 people. Eric Wu, co-founder and CEO of Opendoor, said the publicly traded real estate fintech company was facing "the most challenging real estate market situation in 40 years."

Credit Karma

US computer software company Intuit said it would suspend hiring at its Credit Karma unit. This is an American multinational personal finance company. Colleen mccreefy, its chief personnel officer, revealed in an internal email that adjustments had to be made due to "revenue challenges brought about by an uncertain environment."

"Macroeconomic uncertainty has negatively impacted all Credit Karma verticals," Intuit said at its fourth quarter earnings conference a few days ago. Credit Karma's position deteriorated further in these verticals in the final weeks of the first quarter. "

Notarize

American remote online notary service provider Notarize will lay off 60 people. A spokesperson said:"This reorganization affects almost all teams and this decision is in line with Notarize's larger strategy, which will enable us to deliver the best service to our customers faster." "This layoff follows a massive layoff of 110 people in June. Notarize currently has 250 employees in the U.S., down from about 440.

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