Brex Layoffs 2025 Loka. Tesla Layoffs 2025 Locations Xavier Haris Expense management startup Brex, which was valued at $12.3 billion two years ago, has laid off 282 people, or about 20% of its staff today. 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.
Layoffs Announced For 2025 Zayne Hope from zaynehope.pages.dev
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. is firing 282 employees — about a fifth of its workforce — after its founder and co-chief executive officer said the company grew too quickly.
Layoffs Announced For 2025 Zayne Hope
Brex, the fintech startup that made a splash with corporate credit cards and moved into cash management accounts for tech companies, has cut its staff by 20% Brex and MX have joined the long list of fintechs to announce staff cuts this year This move shows that even a decacorn—a privately held company with a valuation topping $10 billion.
Upstart Layoffs 2025 Valerie T. Smith. Expense management startup Brex, which was valued at $12.3 billion two years ago, has laid off 282 people, or about 20% of its staff today. 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
Intel Layoffs 2025 Dalia Yalanuna. Brex is set to cut approximately 11% of its workforce. Brex, the fintech startup that made a splash with corporate credit cards and moved into cash management accounts for tech companies, has cut its staff by 20%