Roofstock reduces its workforce by 27% in a second round of layoffs.


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In its second round of job cuts, US-based financial technology company Roofstock has let go about 27% of its workforce.

The company had previously let go of 20% of its workforce. According to co-founder and CEO Gary Beasley, “Today’s reduction in force (RIF) was a response to the challenging macro environment and the adverse impact it is having on Roofstock’s business.”

Additionally, he said that the business did not anticipate needing to fire more staff so quickly, but that it needed to “right size” in order to “reduce cash burn rate”.

Read More: Fintech firm Roofstock lays off 27% of staff in 2nd round of job cuts

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


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