Calgary-based FinTech company Neo Financial has announced significant layoffs, impacting 102 employees. This reduction represents approximately 10 percent of the company's total staff. The decision was made to streamline operations and foster a more agile team. Neo Financial stated that the move aims to increase focus and efficiency in product development. Affected employees will receive severance packages and transition support.
Calgary, Alberta
https://betakit.com/neo-financial-lays-off-roughly-10-percent-of-its-staff/