Chime cuts 12% of its workforce, adding to recent wave of tech layoffs
- Fintech company Chime is laying off 12% of its workforce, approximately 160 employees, amid a worsening economic outlook and a recent wave of cuts from both public and private companies.
- Throughout the pandemic, Chime experienced torrid growth, picking up millions of users and reaching a valuation of $25 billion just over a year ago.
- A company spokesperson told CNBC that despite these cuts, Chime is still hiring for select positions and “remains very well capitalized.”
https://www.cnbc.com/2022/11/03/chime-cuts-12percent-of-its-workforce-adding-to-recent-wave-of-tech-layoffs.html