Tag: job cuts
LendingClub and Pagaya acquire intellectual property of shuttered fintech Tally
LendingClub Corporation, a California-based digital lending platform, has partnered with Pagaya Technologies, a US-Israeli fintech, to acquire the...
Canadian fintech start-up Hardbacon closes down
Closure Announcement: Hardbacon, a Canadian personal finance fintech based in Montreal, has ceased operations after seven years in...
Canadian fintech start-up Hardbacon closes down
Company Overview: Hardbacon, a Canadian personal finance fintech based in Montreal, has shut down after seven years of...
US identity verification start-up IDPartner Systems to shut down
Company Overview: IDPartner Systems is a US-based provider of online identity verification tools, founded in 2021 and headquartered...
Mastercard set to lay off around 3% of global workforce
Mastercard plans to cut around 3% of its global workforce, impacting approximately 1,000 employees.
The layoffs are a...
UK’s Co-operative Bank to cut 400 jobs as part of cost reduction programme
The Co-operative Bank in the UK is planning to cut around 400 jobs across its business.
This move...
Banking Technology Magazine March 2024 issue out now
The March edition of Banking Technology Magazine highlights various developments in the fintech industry:Avenue Bank's Unrestricted Banking License:...
Worldline to cut workforce by 8% with €200m cost-saving initiative Power24
Paris-listed payments firm Worldline plans to cut its global workforce by approximately 8%, resulting in the termination of...
Banking Technology Magazine February 2024 issue out now
The February edition of Banking Technology Magazine discusses challenges in the banking and fintech industry in 2024.
Mass...
Jack Dorsey’s Block lays off staff across Cash App, Square and foundational teams
Block, a San Francisco-based payment solutions specialist, is implementing job cuts across its Cash App, Square, and foundational...
PayPal to trim workforce by 9% over 2024 in bid to streamline business
PayPal Job Cuts:PayPal to cut approximately 9% of its workforce throughout 2024.
Expected impact on around 2,500...
Abrdn announces £150m cost-cutting drive with 500 jobs on the chopping block
Job Cuts: Abrdn, a UK asset management firm, is implementing a "transformation programme" involving the cut of 500 jobs.
...