{"id":6041,"date":"2023-11-12T05:05:54","date_gmt":"2023-11-12T04:05:54","guid":{"rendered":"https:\/\/oxfordwisefinance.com\/blog\/layoffs-watch-23-24-fintechs\/"},"modified":"2023-11-12T19:45:21","modified_gmt":"2023-11-12T18:45:21","slug":"layoffs-watch-23-24-fintechs","status":"publish","type":"post","link":"https:\/\/oxfordwisefinance.com\/blog\/layoffs-watch-23-24-fintechs\/","title":{"rendered":"Layoffs Watch \u201923-\u201824: Fintechs"},"content":{"rendered":"\n<p>Higher rates of interest are a drag on nearly everybody, and for all kinds of causes. For monetary know-how gamers, they\u2019re a drag for just about each motive: A slowing economic system reduces shopper demand for his or her providers, a minimum of theoretically. (In apply, it\u2019s one other matter.) Higher charges additionally enhance their very own borrowing prices, even when additionally they enable them to cost folks extra, as properly. And they\u2019ve additionally made it an excellent deal tougher to fundraise: Investment in personal fintechs plummeted 46% within the third quarter, and people VCs they&#8217;ve been capable of lure do not assume their firms are price as a lot as they was once.<\/p>\n<p>All of which is a fairly good distance of claiming that it\u2019s getting tougher for fintechs to give you the cash to pay folks, and you recognize what meaning.<\/p>\n<p>\u201cSimply put, our cost base remains too high,\u201d [PayPal] Chief Executive Officer Alex Chriss stated on a name with analysts\u2026. Block stated it could scale back its head depend from 13,000 in the present day to 12,000 by the top of subsequent 12 months\u2026.<\/p>\n<p>SoFi Technologies is likely one of the firms bucking the pattern, with its refill greater than 59% this 12 months. It additionally stated it anticipated to submit a revenue\u2014its first ever\u2014for its fourth quarter.<\/p>\n<p>But CEO Anthony Noto stated throughout a name with analysts that the corporate was \u201cstill losing quite a bit of money\u201d on its <a href=\"https:\/\/oxfordwisefinance.com\/blog\/how-to-invest-in-money-market-funds\/\">investing<\/a> product and credit-card providing.<\/p>\n\n<p><a href=\"https:\/\/dealbreaker.com\/2023\/11\/layoffs-watch-23-24-fintechs\" rel=\"nofollow\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Higher rates of interest are a drag on nearly everybody, and for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5604,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","pagelayer_contact_templates":[],"_pagelayer_content":"","iawp_total_views":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[142,439],"tags":[],"class_list":["post-6041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-business","category-job-market","col-md-12"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Layoffs Watch \u201923-\u201824: Fintechs - Blog - Oxford Wise Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/oxfordwisefinance.com\/blog\/layoffs-watch-23-24-fintechs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Layoffs Watch \u201923-\u201824: Fintechs - Blog - Oxford Wise Finance\" \/>\n<meta property=\"og:description\" content=\"Higher rates of interest are a drag on nearly everybody, and for [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/oxfordwisefinance.com\/blog\/layoffs-watch-23-24-fintechs\/\" \/>\n<meta property=\"og:site_name\" content=\"Blog - Oxford Wise Finance\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-12T04:05:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-12T18:45:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/oxfordwisefinance.com\/blog\/wp-content\/uploads\/2023\/09\/Opening-Bell-91923.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"765\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"From Internet\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/oxfordwisefinance.com\\\/blog\\\/layoffs-watch-23-24-fintechs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/oxfordwisefinance.com\\\/blog\\\/layoffs-watch-23-24-fintechs\\\/\"},\"author\":{\"name\":\"From Internet\",\"@id\":\"https:\\\/\\\/oxfordwisefinance.com\\\/blog\\\/#\\\/schema\\\/person\\\/350cf3e9f679af8aed2a5741b3bdeab0\"},\"headline\":\"Layoffs Watch \u201923-\u201824: Fintechs\",\"datePublished\":\"2023-11-12T04:05:54+00:00\",\"dateModified\":\"2023-11-12T18:45:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/oxfordwisefinance.com\\\/blog\\\/layoffs-watch-23-24-fintechs\\\/\"},\"wordCount\":258,\"image\":{\"@id\":\"https:\\\/\\\/oxfordwisefinance.com\\\/blog\\\/layoffs-watch-23-24-fintechs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/oxfordwisefinance.com\\\/blog\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Opening-Bell-91923.jpg?fit=1200%2C765&ssl=1\",\"articleSection\":[\"Finance &amp; Business\",\"Job Market\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/oxfordwisefinance.com\\\/blog\\\/layoffs-watch-23-24-fintechs\\\/\",\"url\":\"https:\\\/\\\/oxfordwisefinance.com\\\/blog\\\/layoffs-watch-23-24-fintechs\\\/\",\"name\":\"Layoffs Watch \u201923-\u201824: Fintechs - Blog - Oxford Wise Finance\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/oxfordwisefinance.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/oxfordwisefinance.com\\\/blog\\\/layoffs-watch-23-24-fintechs\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/oxfordwisefinance.com\\\/blog\\\/layoffs-watch-23-24-fintechs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/oxfordwisefinance.com\\\/blog\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Opening-Bell-91923.jpg?fit=1200%2C765&ssl=1\",\"datePublished\":\"2023-11-12T04:05:54+00:00\",\"dateModified\":\"2023-11-12T18:45:21+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/oxfordwisefinance.com\\\/blog\\\/#\\\/schema\\\/person\\\/350cf3e9f679af8aed2a5741b3bdeab0\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/oxfordwisefinance.com\\\/blog\\\/layoffs-watch-23-24-fintechs\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/oxfordwisefinance.com\\\/blog\\\/layoffs-watch-23-24-fintechs\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/oxfordwisefinance.com\\\/blog\\\/layoffs-watch-23-24-fintechs\\\/#primaryimage\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/oxfordwisefinance.com\\\/blog\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Opening-Bell-91923.jpg?fit=1200%2C765&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/oxfordwisefinance.com\\\/blog\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Opening-Bell-91923.jpg?fit=1200%2C765&ssl=1\",\"width\":1200,\"height\":765},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/oxfordwisefinance.com\\\/blog\\\/layoffs-watch-23-24-fintechs\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/oxfordwisefinance.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Layoffs Watch \u201923-\u201824: Fintechs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/oxfordwisefinance.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/oxfordwisefinance.com\\\/blog\\\/\",\"name\":\"Blog - Oxford Wise Finance\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/oxfordwisefinance.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/oxfordwisefinance.com\\\/blog\\\/#\\\/schema\\\/person\\\/350cf3e9f679af8aed2a5741b3bdeab0\",\"name\":\"From Internet\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a3a3ce4498b4cb183d19a2b5deabbf634226340ee3e79c7636c07874d7e5bf3f?s=96&d=identicon&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a3a3ce4498b4cb183d19a2b5deabbf634226340ee3e79c7636c07874d7e5bf3f?s=96&d=identicon&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a3a3ce4498b4cb183d19a2b5deabbf634226340ee3e79c7636c07874d7e5bf3f?s=96&d=identicon&r=g\",\"caption\":\"From Internet\"},\"url\":\"https:\\\/\\\/oxfordwisefinance.com\\\/blog\\\/author\\\/from-internet\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Layoffs Watch \u201923-\u201824: Fintechs - Blog - Oxford Wise Finance","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/oxfordwisefinance.com\/blog\/layoffs-watch-23-24-fintechs\/","og_locale":"en_US","og_type":"article","og_title":"Layoffs Watch \u201923-\u201824: Fintechs - Blog - Oxford Wise Finance","og_description":"Higher rates of interest are a drag on nearly everybody, and for [&hellip;]","og_url":"https:\/\/oxfordwisefinance.com\/blog\/layoffs-watch-23-24-fintechs\/","og_site_name":"Blog - Oxford Wise Finance","article_published_time":"2023-11-12T04:05:54+00:00","article_modified_time":"2023-11-12T18:45:21+00:00","og_image":[{"width":1200,"height":765,"url":"https:\/\/oxfordwisefinance.com\/blog\/wp-content\/uploads\/2023\/09\/Opening-Bell-91923.jpg","type":"image\/jpeg"}],"author":"From Internet","twitter_card":"summary_large_image","twitter_misc":{"Written by":false,"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/oxfordwisefinance.com\/blog\/layoffs-watch-23-24-fintechs\/#article","isPartOf":{"@id":"https:\/\/oxfordwisefinance.com\/blog\/layoffs-watch-23-24-fintechs\/"},"author":{"name":"From Internet","@id":"https:\/\/oxfordwisefinance.com\/blog\/#\/schema\/person\/350cf3e9f679af8aed2a5741b3bdeab0"},"headline":"Layoffs Watch \u201923-\u201824: Fintechs","datePublished":"2023-11-12T04:05:54+00:00","dateModified":"2023-11-12T18:45:21+00:00","mainEntityOfPage":{"@id":"https:\/\/oxfordwisefinance.com\/blog\/layoffs-watch-23-24-fintechs\/"},"wordCount":258,"image":{"@id":"https:\/\/oxfordwisefinance.com\/blog\/layoffs-watch-23-24-fintechs\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/oxfordwisefinance.com\/blog\/wp-content\/uploads\/2023\/09\/Opening-Bell-91923.jpg?fit=1200%2C765&ssl=1","articleSection":["Finance &amp; Business","Job Market"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/oxfordwisefinance.com\/blog\/layoffs-watch-23-24-fintechs\/","url":"https:\/\/oxfordwisefinance.com\/blog\/layoffs-watch-23-24-fintechs\/","name":"Layoffs Watch \u201923-\u201824: Fintechs - Blog - Oxford Wise Finance","isPartOf":{"@id":"https:\/\/oxfordwisefinance.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/oxfordwisefinance.com\/blog\/layoffs-watch-23-24-fintechs\/#primaryimage"},"image":{"@id":"https:\/\/oxfordwisefinance.com\/blog\/layoffs-watch-23-24-fintechs\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/oxfordwisefinance.com\/blog\/wp-content\/uploads\/2023\/09\/Opening-Bell-91923.jpg?fit=1200%2C765&ssl=1","datePublished":"2023-11-12T04:05:54+00:00","dateModified":"2023-11-12T18:45:21+00:00","author":{"@id":"https:\/\/oxfordwisefinance.com\/blog\/#\/schema\/person\/350cf3e9f679af8aed2a5741b3bdeab0"},"breadcrumb":{"@id":"https:\/\/oxfordwisefinance.com\/blog\/layoffs-watch-23-24-fintechs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/oxfordwisefinance.com\/blog\/layoffs-watch-23-24-fintechs\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/oxfordwisefinance.com\/blog\/layoffs-watch-23-24-fintechs\/#primaryimage","url":"https:\/\/i0.wp.com\/oxfordwisefinance.com\/blog\/wp-content\/uploads\/2023\/09\/Opening-Bell-91923.jpg?fit=1200%2C765&ssl=1","contentUrl":"https:\/\/i0.wp.com\/oxfordwisefinance.com\/blog\/wp-content\/uploads\/2023\/09\/Opening-Bell-91923.jpg?fit=1200%2C765&ssl=1","width":1200,"height":765},{"@type":"BreadcrumbList","@id":"https:\/\/oxfordwisefinance.com\/blog\/layoffs-watch-23-24-fintechs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/oxfordwisefinance.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Layoffs Watch \u201923-\u201824: Fintechs"}]},{"@type":"WebSite","@id":"https:\/\/oxfordwisefinance.com\/blog\/#website","url":"https:\/\/oxfordwisefinance.com\/blog\/","name":"Blog - Oxford Wise Finance","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/oxfordwisefinance.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/oxfordwisefinance.com\/blog\/#\/schema\/person\/350cf3e9f679af8aed2a5741b3bdeab0","name":"From Internet","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a3a3ce4498b4cb183d19a2b5deabbf634226340ee3e79c7636c07874d7e5bf3f?s=96&d=identicon&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a3a3ce4498b4cb183d19a2b5deabbf634226340ee3e79c7636c07874d7e5bf3f?s=96&d=identicon&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a3a3ce4498b4cb183d19a2b5deabbf634226340ee3e79c7636c07874d7e5bf3f?s=96&d=identicon&r=g","caption":"From Internet"},"url":"https:\/\/oxfordwisefinance.com\/blog\/author\/from-internet\/"}]}},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/oxfordwisefinance.com\/blog\/wp-content\/uploads\/2023\/09\/Opening-Bell-91923.jpg?fit=1200%2C765&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/oxfordwisefinance.com\/blog\/wp-json\/wp\/v2\/posts\/6041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/oxfordwisefinance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/oxfordwisefinance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/oxfordwisefinance.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/oxfordwisefinance.com\/blog\/wp-json\/wp\/v2\/comments?post=6041"}],"version-history":[{"count":3,"href":"https:\/\/oxfordwisefinance.com\/blog\/wp-json\/wp\/v2\/posts\/6041\/revisions"}],"predecessor-version":[{"id":6047,"href":"https:\/\/oxfordwisefinance.com\/blog\/wp-json\/wp\/v2\/posts\/6041\/revisions\/6047"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/oxfordwisefinance.com\/blog\/wp-json\/wp\/v2\/media\/5604"}],"wp:attachment":[{"href":"https:\/\/oxfordwisefinance.com\/blog\/wp-json\/wp\/v2\/media?parent=6041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/oxfordwisefinance.com\/blog\/wp-json\/wp\/v2\/categories?post=6041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/oxfordwisefinance.com\/blog\/wp-json\/wp\/v2\/tags?post=6041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}