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BNPL Fintech Simpl Lays Off Over 25% Of Its Workforce

Simpl has laid off between 150 to 200 employees. The step was reportedly taken citing the current economic conditions

Buy-now-pay-later (BNPL) fintech Simpl has laid off over 25 per cent of its workforce this week, accoriding to reports. The impacted employees across departments received an email from the management stating that they have been laid off, the reports added.

As per reports, Simpl has laid off between 150 to 200 employees. The step was reportedly taken citing the current economic conditions.


In December 2021, Simpl raised USD 40 million to upscale its buy now, pay later service. So far, the Bengaluru-based firm raised USD 83 million. According to reports, the company is offering a severance package along with healthcare support, outplacement and counselling support to the employees who have been laid off.


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startup Simpl Lays off

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