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Tag: job cuts

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. ...

US fintech Brex to axe 20% of workforce

Brex, a US-based expense management platform, is cutting 282 jobs, approximately 20% of its total workforce, in a...