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 (The Information)
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.