Every company is doing layoffs but fintech isnt doing many layoffs.Think square,sofi,affirm,upstart etc. They should be impacted most by interest rates. Hell sofi even is hiring. Coinbase,Robinhood and plaid did layoffs but the above companies are in loan sector.
Stripe did layoffs
Stripe is a garbage dump sweatshop
^ +1
https://techcrunch.com/2022/11/01/upstart-layoffs/amp/ https://www.teamblind.com/post/Affirm-layoffs-TfSajwNs
Ok let me rephrase . Layoffs in engineering
Affirm has been marketing and talent. Upstart says loan processing people
Affirm did layoff
I mean not a real one.
I think they have real one’s coming soon
Fintech enjoy little distress in market. Fintech not experiencing bad loan much. Fintech profit margins increase due to high interest
Not necessarily. BNPL gets harder with interest rate hikes
Lending company for personal loan/Credit Card loans get more loan origination if there is little distress. If market is good then less people seek loans. Deep recession hurts them badly due to bad loans and borrowers is unable to pay.
Square still hire as well
Do you think square is safe to join? Considering a Cashapp offer
Nowhere is safe nowadays. Whoever says otherwise lies. Saying that, I don’t know
restaurant business going well. i guess people still have money to go out and eat
Even legal tech doesn’t seem to have layoffs
What are examples of legal tech? Ironclad?
legalzoom snd docusign
Go check out klarna
Chime did layoffs
India
Yesterday
840
Modi is a legend, will be remembered for centuries to come
Tech Industry
Yesterday
2495
Quitting this Slave life
Personal Finance
Yesterday
737
How much of your household take-home pay goes to the mortgage?
Working Parents
Yesterday
772
What do you think is wrong with a kid who got rejected by 9 colleges?
Tech Industry
Yesterday
1989
The end of Backdoor Roth?!
not everyone overhires ahead of time