Brex Layoffs 2025 Employees In Usa

Brex Layoffs 2025 Employees In Usa. Uwo Layoffs 2025 King Blake This isn't the first time Brex has undergone significant layoffs Expense management startup Brex, which was valued at $12.3 billion two years ago, laid off 282 people, or about 20% of its staff today.

Brex, the fintech giant valued at $12.3 billion, announced it will lay off 20% of its staff BY Kylie Robison Fintech startup Brex, cofounded by Henrique Dubugras, is planning to ax more staff. The once high-flying fintech startup sent a note to.

Layoffs 2025 Statistics And Tiffany E. Brock

The latest layoffs come in the wake of reports indicating that Brex burned $17 million a month in the fourth quarter of 2023 and had cash reserves to last through March 2026 and wanting to increase focus on the company's strategy as reasons behind his firm's decision to lay off 136 employees - approximately 11% of its total workforce. \ The notice is intended to provide affected employees with sufficient time to prepare for.

Fintech Brex undergoes restructuring, layoffs ensue. This move shows that even a decacorn—a privately held company with a valuation topping $10 billion. The company, however, refuted these claims, stating that the layoffs are aimed at making Brex more agile and accelerating its path to profitability.

Layoffs 2023 marks nightmare year for tech employees 1.98 lakh workers fired so far, thousands. is firing 282 employees — about a fifth of its workforce — after its founder and co-chief executive officer said the company grew too quickly. The once high-flying fintech startup sent a note to.