The Information:

Source: Brex told employees it is cutting 282 jobs, or about 20% of its staff, saying it grew too quickly and its CTO and COO are giving up their positions  —  Brex is cutting 20% of its workforce and shaking up senior management ranks in a new effort to slash its cash burn, as the fintech firm grapples with slower revenue growth.

The Information:

Source: Brex told employees it is cutting 282 jobs, or about 20% of its staff, saying it grew too quickly and its CTO and COO are giving up their positions  —  Brex is cutting 20% of its workforce and shaking up senior management ranks in a new effort to slash its cash burn, as the fintech firm grapples with slower revenue growth.

Source: TechMeme
Source Link: http://www.techmeme.com/240123/p21#a240123p21