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Fintechs look to staff cuts amid inflation, market volatility

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Varo Bank is joining other fintechs struggling in a worsening economic environment. The charter bank announced last week that it recently laid off 75 employees, or about 10% of its workforce. The cuts are the result of increased inflation and market volatility, Varo Chief Executive Colin Walsh said in a July 19 staff message. “As […]

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