Layoffs

An Industry Insider on Profits and the Need for FinTech Self-Scrutiny

An Industry Insider on Profits and the Need for FinTech Self-Scrutiny
An Industry Insider on Profits and the Need for FinTech Self-Scrutiny
March 27, 2023  |  BNPL

After years of easy money and rapid growth, the FinTech bubble burst in 2022 amid economic challenges. A new monthly report takes a deep dive...

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New Report Examines BNPL Providers’ Painful Pivot to Profitability
New Report Examines BNPL Providers’ Painful Pivot to Profitability
March 24, 2023  |  BNPL

After a record-breaking year in 2021, the FinTech industry experienced a significant downturn in 2022. High inflation, market volatility and recession fears caused investors to...

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Just Eat Cuts 1,700 Drivers in Return to Gig Model
Just Eat Cuts 1,700 Drivers in Return to Gig Model
March 22, 2023  |  Delivery

As food delivery aggregators feel the macroeconomic pressures, some are responding with major layoffs. Just Eat Takeaway’s United Kingdom arm, for its part, is gearing...

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Just Eat Rethinks Gig Worker Model and Cuts 1,700 Jobs
Just Eat Rethinks Gig Worker Model and Cuts 1,700 Jobs
March 22, 2023  |  Delivery

Delivery giant Just Eat Takeaway is reportedly cutting 1,700 driver jobs in the U.K. Those jobs will be replaced by gig workers, per published reports...

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Amazon Plans 9K New Job Cuts
Amazon Plans 9K New Job Cuts
March 20, 2023  |  Retail

Amazon is set to lay off 9,000 employees, the latest in an on-going series of job cuts. The layoffs will primarily effect the company’s cloud...

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Deliveroo’s Layoffs Speed Food Delivery Firm’s Path to Profitability
Deliveroo’s Layoffs Speed Food Delivery Firm’s Path to Profitability
March 16, 2023  |  Earnings

Shortly after announcing widespread layoffs, Deliveroo has pulled ahead of its profitability goals. The United-Kingdom-based multinational aggregator reported in its full-year 2022 financial results Thursday...

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Apple Reportedly Cutting Back on Bonuses, Hiring and Travel
Apple Reportedly Cutting Back on Bonuses, Hiring and Travel
March 14, 2023  |  Mobile Commerce

Apple is reportedly cutting costs, though not making deep cuts and layoffs like its peers. The tech giant is delaying some bonuses, limiting hiring and...

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Fetch Rewards Cuts Staff as Consumers Cut Back on Spending
Fetch Rewards Cuts Staff as Consumers Cut Back on Spending
March 14, 2023  |  Loyalty & Rewards

As consumers cut back on spending due to macroeconomic challenges, Fetch Rewards, a Madison, Wisconsin-based startup that offers a centralized rewards points program for online...

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