Western Union rival Zepz lays off 26% of employees as fintech cuts continue
Fintech group Zepz, which owns money transfer brands WorldRemit and Sendwave, is laying off 420 employees, the company told CNBC exclusively. https://www.cnbc.com/2023/05/16/fintech-unicorn-zepz-owner-of-worldremit-lays-off-26percent-of-staff.html
Western Union rival Zepz lays off 26% of employees as fintech cuts continue
CNBC
New
ANWHOP May 16, 2023Founded in 2021 and has 2k employees…. Of course there would be layoff…
Sendwave Zlar May 16, 2023
2021 company was change of name from a merger. Existing companies been present since 2010
New
BigBoiAsia May 18, 2023They’re also hiring devs
VMware AMD 555 Jun 5, 2023
Shit show over there
Sorry to everyone affected. 🫡 With all of the issues surrounding banks and their failures, FinTech is only going to get worse before it gets better, and I’m afraid more layoffs will happen, especially as the consumer begins to notice that their money isn’t as safe in a bank as they thought. TC: 90K
I see you in every thread on blind. How many hours do you look at it per day?
Bank failures have actually been a boon for Fintechs well positioned to offer high yield accounts and payment services.