Chime cut some staff, 150 people are gone.

Question

Yet another company having layoffs... hang in there!https://techcrunch.com/2022/11/02/digital-bank-chime-is-cutting-costs-across-the-board-including-12-of-staff/

ja31fj80 · Accepted Answer

Thats the nature of fintech companies, they soar so high and then come crashing down. They raised a ton and were the talk of the town but earlier this year we saw signs. *cough* Brex

kc3k09 · Answer

More restructuring talk:
- re-calibrating marketing spend
- decreasing the number of contractors (not sure if this is part of the 150-160)
- adjusting workspace needs (does this mean fully remote teams?)
- renegotiating vendor contractors

Chime cut some staff, 150 people are gone.

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