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Founder and CEO Nima Ghamsari is accelerating efforts to transform the company, but Blend's runway is shrinking. Founder and CEO Nima Ghamsari is accelerating efforts to transform the company, but Blend's runway is shrinking.
San Francisco-based cloud banking software provider has trimmed the company's payroll by 1,100 employees and cut annual expenses by $72 million.
Blend Labs is betting that its newly launched composable origination tech will help the firm recover from its financial losses.