Estimated reading time: 0 minutes, 22 seconds

Amid Economic Downturn, Plaid Cuts 260 Jobs

Friday, Dec 09 2022
News
Written by  FinTech Brief Staff

Fintech giant Plaid will be laying off approximately 20% of its employees with engineering and recruiting teams expected to feel the brunt of the downsizing. So reports TechCrunch.

The layoffs are expected to impact 260 workers and come in the wake of rapid expansion at the company. The engineering team at Plaid grew more than 17 times in four years. Leadership at the company identified macroeconomic shifts as the need for the layoffs.

Read the full article from TechCrunch.

Read 1326 times
Rate this item
(0 votes)
More in this category: « Outgoing Rep. Cawthorn Hit with $14K Crypto Promo Fine from Ethics Committee ZELF 'Anonymous' Debit Card Lets Users Sign Up Sans SSN, Address »

Visit other PMG Sites:
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline