Brex Layoffs 2025 Loka. Google Layoffs 2025 Singapore Samir Leanor The company, however, refuted these claims, stating that the layoffs are aimed at making Brex more agile and accelerating its path to profitability. 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%
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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 Brex, valued at $12.3B earlier this year, lays off 11%.
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Brex is set to cut approximately 11% of its workforce. 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. 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.
Ukg Layoffs 2024 Olympics Lanni Modesta. 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. Webinar | 12 March 2025 | DORA's digital discipline and code-driven compliance.
Watch Tech Layoffs Surpass 250,000 in 2023 Bloomberg. 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, valued at $12.3B earlier this year, lays off 11%.