Brex Layoffs 2025 Employees In Usa. Brex Layoffs 2025 Schedule Tv Chet H Sellers is firing 282 employees — about a fifth of its workforce — after its founder and co-chief executive officer said the company grew too quickly. The latest layoffs come in the wake of reports indicating that Brex burned $17 million a month in the fourth quarter of 2023 and had cash reserves to last through March 2026
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This isn't the first time Brex has undergone significant layoffs Brex, known for its corporate credit cards and expense-management capabilities, will also alter its leadership structure and change its operating model, according to a statement on the firm's website Tuesday.
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and wanting to increase focus on the company's strategy as reasons behind his firm's decision to lay off 136 employees - approximately 11% of its total workforce. Brex, the fintech giant valued at $12.3 billion, announced it will lay off 20% of its staff BY Kylie Robison Fintech startup Brex, cofounded by Henrique Dubugras, is planning to ax more staff. The latest layoffs come in the wake of reports indicating that Brex burned $17 million a month in the fourth quarter of 2023 and had cash reserves to last through March 2026
Fintech Startup Brex Lays Off More Than 200 Employees. In October 2022, Brex eliminated 136 positions, or 11 percent of its staff, and in June 2020, the company laid off 62 employees. This move shows that even a decacorn—a privately held company with a valuation topping $10 billion.
Massive Layoffs In The Tech Sector In America! Massive Layoffs In The Tech Sector In America. The latest layoffs come in the wake of reports indicating that Brex burned $17 million a month in the fourth quarter of 2023 and had cash reserves to last through March 2026 is firing 282 employees — about a fifth of its workforce — after its founder and co-chief executive officer said the company grew too quickly.