Its opportunities and challenges may cancel each other out and lead to simply average returns in the coming year. Read More...
TechCrunch
Fintech giants face uphill battle
One of the biggest news stories last week was that Plaid laid off 260 employees, or about 20% of its workforce. Rumblings about Plaid laying off some 200 people started as far back as late May. At that time, when asked, the company denied it was letting go of any workers. Notably, when outlining the decision to reduce staff, CEO and co-founder Zach Perret said he “made the decision to hire and invest ahead of revenue growth, and the current economic slowdown has meant that this revenue growth did not materialize as quickly as expected.”
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