Payment platform developer Clinkle has cut its workforce by 25 percent in the days following the completion of a $25 million funding round, Finextra reported on December 9.
Sixteen employees were let go, a development that follows 31 other departures, according to Finextra. The company noted in a statement that members of its human resources and operational divisions received layoff notices.
The group was a mix of part-time workers and contracted laborers, Clinkle said.
This development follows Clinkle’s hiring of former Netflix executives to help move the company forward before it launches its yet-to-be-unveiled payments platform. Learn more about the hirings by clicking here.
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