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Thursday, May 23, 2024
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Tag: jobcuts

Monzo’s co-founder Tom Blomfield steps down from the board

With this move, Blomfield takes part in the process of clearing the path for the new CEO TS Anil and moving into the role of President.

Leaked messages from Revolut’s CEO Nikolay Storonsky address the job cut accusations

Last week, we reported on Revolut forcing some staff to leave their jobs without severance - citing underperformance or making them quit on their own accord for just a slice of severance. Since Revolut has not really addressed the issue publically so far, let's take a look at how has the CEO addressed it in messages he sent to his employees.

Revolut has been accused of pushing 50 of its staff to quit or to get fired

Some Revolut staff members claim that they have been pressured into leaving their jobs and taking salary cuts as the company applied cost-saving measures.

Monzo cuts 120 jobs as a response to the coronavirus downturn

Monzo, the U.K. challenger bank, will cut up to 120 jobs as a result of the coronavirus pandemic.

Revolut cuts about 60 jobs citing COVID-19 crisis measures

The digital bank unicorn Revolut has announced to lay-off 60 of its employees as it admits the COVID-19 has some negative impact already.

N26 discharged 10% of New York staff

N26 had a team of 90 employees working in their New York offices. Now it lets 9 of them go.

Monese closes offices in Lisbon and Berlin as it halts expansion

London and Tallinn-based startup Monese is set to make staffing cuts and lower its ambitions for a funding round.

Revolut has just lost two more executives

This comes just month after the Revoluts CFO David MacLean stepped down (among others).

N26 co-founders are taking 25 % pay cut for a year

The coronavirus crisis has already made senior executives from Monzo, Lloyds and Revolut to slice down their own personal income.

HSBC’s overhaul to be delayed over COVID-19

Financial Times reported on Wednesday, that HSBC Holdings PLC's restructuring could be delayed due to the Covid-19 outbreak.
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