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FINTECH WORKFORCE REDUCTION
Chime to cut 10% of total workforce on AI driven efficienciesFintech firm Chime is reducing its workforce by ten percent. This move aligns with a broader trend of companies using AI for operational ef...- Visa to lay off 7% of staff as efficiency push deepensVisa plans to reduce its workforce by approximately seven percent. This significant job cut will primarily affect technology and product te...
- Companies Are Laying Off Workers Because of AI’s Potential—Not Its PerformanceAI has been cited as a cause of layoffs, but is it actually displacing jobs? And if not, what’s going on? Based on a survey of 1,006 global...
- CarDekho joins IPO queue; Tech’s quiet job cutsHappy Thursday! CarDekho is finally hitting the accelerator on its long-planned IPO. This and more in today’s ETtech Morning Dispatch.
- China Inc deploys 'quiet' layoffs as Beijing promotes AI adoptionChinese companies are quietly implementing AI-driven layoffs and reducing graduate hiring to boost productivity, while carefully avoiding g...
- Problems disappeared when I let them go: Bolt’s Ryan Breslow explains why he laid off his entire HR teamBolt CEO Ryan Breslow defended significant layoffs and the removal of the HR department, attributing these drastic measures to a need to re...
- Gig workers' incentives cool; YC attendees resell AI creditsHappy Tuesday! Despite a shortage of delivery workers, payouts for gig riders have increased only slightly this summer. This and more in to...
- Labour codes push 4 in 5 firms to rework pay, hiringIndia's new labour codes are driving significant changes in employment, with most employers revising salaries and facing higher costs. This...
- Jack Dorsey’s Block lays off 40% workforce; stock price vaults 22% in pre-market trading FridayThis follows other major tech firms, such as Amazon, Meta, eBay, and Livspace, announcing significant job cuts. The story has shifted from ...
- US Stocks: Block shares soar 16% as Jack Dorsey leans on AI to trim workforceBlock shares soared more than 16% on Friday after the fintech firm announced it would nearly halve its workforce as part of an overhaul to ...
- Tech layoffs hit America: Salesforce, Block eliminate several positions — here’s who’s affectedWho is most affected by Salesforce and Block layoffs: Tech layoffs hit 80,000 workers in early 2026. Salesforce cut 1,000 roles. Block elim...
- Tech layoffs November 2025: Apple, Synopsys, Hewlett-Packard, Playtika, HP & more cut jobs - which roles and departments are most affectedLayoffs November: Tech giants like HP and Apple are implementing significant job cuts, with HP planning thousands of reductions by 2028 and...
- Major companies announce massive layoffs in 2025 amid AI transformation and economic restructuring: Intel, Meta, Starbucks among manyMajor companies like Intel, Microsoft, and Amazon are cutting thousands of jobs. This wave of layoffs is driven by AI adoption and economic...
- Mass layoffs in 2025: Microsoft, Meta, and more big names slash jobs — is yours next?In 2025, layoffs persist across technology, retail, and space exploration, driven by AI and automation. Companies like Meta, Boeing, and Ch...
- Amazon, Microsoft, Meta, Intel and more: List of top US tech giants that have announced mass layoffs in 2025Many tech companies such as Amazon, Microsoft, Meta, Intel and others have announced mass layoffs in the year 2025. The layoffs are not jus...
- Layoffs in 2024: These startups grappled with workforce cutsThe year witnessed notable layoffs, with numbers ranging from a few hundred to a few thousand, at companies like Ola Electric, Paytm parent...
- Indian unicorns see net workforce decline amid layoffs, restructuring: reportIndian unicorns saw a 4.5% average attrition rate over the past year, with a net decrease of about 6,700 employees. Despite overall decline...
- Klarna CEO Sebastian Siemiatkowski claims AI can now perform all tasks, stops hiring humansKlarna, a fintech company, stopped hiring new staff due to AI's growing capabilities. The company's workforce shrunk from 4,500 to 3,500. C...
- Thousands of fintech jobs are gone as companies cut costs for first timeFintechs boomed during the early days of the pandemic, ambitious to grow and driven by low interest rates and consumer hunger for debt.
- Activist investor Elliott building stake in PayPalAccording to the report, Elliott may eventually become one of PayPal's five largest shareholders.
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