African challenger Kuda cuts 5% of workforce
Kuda says cuts were made across growth, marketing and product departments in the company.
Kuda says cuts were made across growth, marketing and product departments in the company.
The firm will be laying off most of its workforce on 9 September 2022.
Swyftx says 74 employees will be laid off as the firm grapples with global economic uncertainty.
This new cartoon illustrates how different companies are dealing with the onset of the recession.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Clearco founders cite rising interest rates, high inflation and e-commerce growth slowdown as factors.
Robinhood CEO Vlad Tenev says previous staff cuts announced in April “did not go far enough”.
The key to managing this downturn is to focus entirely on your own circumstances.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
CEO Colin Walsh says the firm is “not immune to the impacts of our current environment”.
Cover story: MAKING THE DREAM WORK – Helping Ukraine in a planet-friendly way.
As well as the layoffs the wealthtech will be “laser-focused” on core businesses investing, banking and crypto.
Curve and Gemini lay off employees, while Citi plans on hiring 4,000 techies.
We.trade claims to be “the world’s first enterprise-grade blockchain-enabled trade finance platform”.
The challenger bank laid off 45 of its employees last month.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The news follows a string of layoffs in the fintech space in recent weeks.
Klarna CEO says he remains “relentlessly optimistic” about the firm’s future.
CEO Doug Ludlow cites “today’s incredibly rough market” as the reason for the layoffs.
The announcement was made by the company’s interim president Kevin Ryan via an e-mail to affected staff.
Our top pick of news from the world of finance and tech in bitesize video format, every week.
CEO Vishal Garg says he “blundered the execution” following a barrage of criticism.
French banking group plans to have 30% of its retail products sold online by 2025.
Juliana Barile accessed her old account and destroyed sensitive documents.
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
The bank is planning to cut three-quarters of its workforce in Ireland.
UK bank extends closure programme in response to customers moving online.
The Spanish bank says digital changes and new competitors have forced its hand.
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
German lender moves forward with widescale restructure plan.
The bank will start negotiations with labour unions just after Easter.
The bank says all 840 affected staff will be offered new roles.
A number of fintechs have still been tested during COVID-19, some to the brink of collapse.
This year has seen several job cut announcements.
Koichiro Miyahara resigns as regulators continue to examine exchange’s closure.
Dutch lender rolls back operations to focus on home markets.
Danish bank says the roles are reduced as part of an ongoing cost reduction plan.
Dutch bank forced to pull back on widespread CX changes after €140m already spent.
The figure brings Lloyds’s total cuts to 1,900 this year.
The cuts are part of a wider restructuring announced in February.