Brex Layoffs 2025 Employees In Usa. Covering 1.5 million employee layoffs across all 50 states in the USA Updating LIVE! Blind 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 is firing 282 employees — about a fifth of its workforce — after its founder and co-chief executive officer said the company grew too quickly.
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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. Expense management startup Brex, which was valued at $12.3 billion two years ago, laid off 282 people, or about 20% of its staff today. 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.
Layoffs In The Usa 2025 Ceil Lorene. \ The notice is intended to provide affected employees with sufficient time to prepare for. 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%
Layoff April 2025 Usa Fred S. Stitt. The company, however, refuted these claims, stating that the layoffs are aimed at making Brex more agile and accelerating its path to profitability. Expense management startup Brex, which was valued at $12.3 billion two years ago, laid off 282 people, or about 20% of its staff today.