Peer-to-peer carsharing marketplace Getaround is laying off about 30% of its North American staff as part of a restructuring plan. The company will restructure its workforce and operations to reduce costs, align with the globalization of its business, lengthen its cash runway and accelerate its path to...
Plaid has named its first president, the latest hire on the FinTech’s road to going public. Jen Taylor is joining the company after seven years as chief product officer at Cloudflare, Plaid CEO Zach Perret wrote in a blog entry Thursday (Feb. 8). “Jen’s experience scaling products to meet increasing customer demand...
Payments Canada, the public purpose organization responsible for owning and operating Canada’s payment systems, is undergoing a leadership transition. Tracey Black, the president and CEO, has decided not to renew her term, the organization said in a Wednesday (Feb. 7) press release. Black, who has been...
Worldline is planning to cut 8% of its workforce, part of a wave of financial sector layoffs. The French payments company is looking to reduce costs by around $215 million and “support stronger future growth and cash generation,” according to a Wednesday (Feb. 7) press...
Approximately 32,000 tech workers have lost their jobs so far in 2024. These layoffs come after a wave of job cuts made during 2023 in response to over-hiring during the pandemic, Bloomberg reported Monday (Feb. 5), citing data from Layoffs.fyi. However, the layoffs made in 2024 are smaller...
Snap has become the latest tech company to cut staff as it chases profitability. The Snapchat parent company announced in a Securities and Exchange Commission (SEC) filing Monday (Feb. 5) that it plans to lay off 10% of its full-time workforce. “In order to best position our business...
Healthcare technology firm Convey Health Solutions has named a new chief executive. Dan Finke, who most recently served as executive vice president of CVS Health and president of Aetna, was appointed Monday (Jan. 29) to head Florida-based Convey. He succeeds Stephen Farrell, who is leaving the company after more than a...
Jim Esposito, co-head of the global banking and markets division at Goldman Sachs, will retire from that role and become a senior director at the investment bank. Goldman Sachs CEO David Solomon announced Esposito’s decision Monday (Jan. 29) in a company memo seen by PYMNTS. “On a personal...
Salesforce is reportedly laying off 700 employees, or about 1% of its workforce. The cuts are being made across the company, The Wall Street Journal (WSJ) reported Friday (Jan. 26), citing an unnamed source. Salesforce did not immediately reply to PYMNTS’ request for comment. The...
