Thursday, September 28, 2023

Neobank Fi lays off 10% of workforce; lags behind on fiscal revenue target

The layoffs have been undertaken to increase its cash runway from almost one and a half years currently to two years and are expected to impact employees across functions including engineering, product, analytics and process excellence, among other teams.

from Tech-Economic Times https://ift.tt/yMiTlpt

No comments:

Post a Comment

Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...