Does anyone know the percentage of layoffs announced today at Affirm? #layoffs #affirm
More details pls?
Not sure if it counts as Layoff? But it is cancelling some recruiting and marketing positions and claims will help these people move to other roles internally.
Very humane and empathetic way to do this. Speaks well to Affirm's leadership honestly.
Did they freeze all product design roles?
Afrm opex is insanely high and way too much higher than prior year They are burning or diluting 10% of book/market cap per quarter Not a long runway for common shareholders Will probably need a 60% cut
2%, marketing and talent were only teams impacted - and they’re given an option to apply for a transfer internally or take a 6mo severance (I’ve heard)
yes plus if they can’t find a job internally they will be placed in a job
Fuz that’s not what I heard, I heard it they don’t find an internal job they’re out