Tech Layoffs: Affirm Cuts 19% Of Staff, Shuts Down Crypto Department
Affirm admitted that it over-hired during the pandemic when consumer spending was at its peak.
Source: ibtimes.com
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Affirm Begins Layoffs, Sacks 19% of Workforce; CEO Max Levchin Calls Firings 'Single Most Difficult Decision' Since Fintech Firm's Founding
Levchin further said that during the early part of the pandemic, the company "consciously hired ahead of the revenue required to support the size of the team", with revenue growth justifying the strategy. �� Affirm Begins Layoffs, Sacks 19% of Workforce; CEO Max Levchin Calls Firings 'Single Most Difficult Decision' Since Fintech Firm's Founding.
Source: latestly.com