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Fintech Firm Pagaya To Sack 20% Of Its Workforce

Fintech Firm Pagaya to sack 20 per cent of employees, the company will incur a one-time charge of USD 4 million due to severance payouts, according to media reports

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Pagaya Technologies, a fintech firm on Wednesday opes up that it laying off nearly 20 per cent of its employees across its offices in the United States and Israel, according to media reports.

Fintech startups have been some of the biggest casualties of the challenging economic environment since last year.

Media reports further reveal that Pagaya said the affected employees were informed by Tuesday. The company will incur a one-time charge of USD 4 million due to severance payouts.


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