Tuesday, July 2, 2024
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US fintech Carta reportedly conducts third round of layoffs this year

  • San Francisco-based equity management tech firm Carta undergoes its third round of layoffs this year.
  • The company, last valued at $7.4 billion, had previously laid off 10% of its staff in January, impacting around 200 employees.
  • The recent layoffs are part of wider restructuring efforts, catching employees by surprise.
  • The total number of employees affected by the latest round of cuts is currently unknown.
  • Reports suggest Carta has faced controversy, with allegations of wrongful termination and harassment.
  • Carta’s CEO Henry Ward addresses the negative press, emphasizing the importance of employees in a Medium post.

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