Neo Financial says it is cutting 102 positions, amounting to about 10% of its staff
CALGARY — Neo Financial says it is laying off 102 of its employees, amounting to about 10 per cent of its workforce.
Neo Financial is laying off 102 employees, which accounts for about 10% of its workforce. The Calgary-based financial technology firm announced the move on LinkedIn, stating that the cuts will be made across nearly every part of the business.
The company says it grew quickly over the years, but has since slowed down operations. Neo Financial aims to "operate as a simpler and faster team" following the layoffs.
According to CityNews, CEO Andrew Chau described the move as the "hardest day" the company has had in a LinkedIn post.
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- Neo Financial says it is cutting 102 positions, amounting to about 10% of its staff winnipegfreepress.com
