Why are So Many Fintechs Laying People Off?

November 7, 2022

American Banker, Nov. 7, 2022–Penny Crosman (subscription)
Chime, Varo, Upstart, Stripe, Blend, MX, Brex are among the financial technology companies that have laid off more than 10% of their workforce. Is this just the result of economic malaise? Did some grow too fast and hire too many people? Or are there other factors at play? The answer: all of the above.
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