Fintech layoffs continue

even at well funded and profitable companies, according to TechCrunch. About a two minute read.

Comment: regular readers of Fintech Flash News will know this isn’t a surprise, simply put: the sector massively overhired and now that interest rates are much higher than one year ago, many companies are struggling to maintain profits (and many more still trying to book a profit) so cost control becomes a priority. Likely to get worse over the next twelve months or so.