* Our Parent Company Crypto Token is GOING LIVE!!! *Flag Token

Juni trims one-third of its workforce in second round of layoffs


Share post:

Swedish fintech for e-commerce businesses Juni has announced it is trimming one-third of its workforce, five months after it raised $206 million in Series B funding.

Juni lays off a third of its workforce

The layoffs come just two months after it shed 10% of its workforce. Juni currently employs 217 people, and had earlier laid out plans to hire 60 additional members.

In a post on LinkedIn, Juni’s co-founders, Samir El-Sabini and Anders Orsedals, hare that they took the decision to restructure based on the macroeconomic context, citing looming recession, increased inflation, volatile stock markets, and decreased consumer spending.

“Our decision to re-evaluate our organisational structure and operational model is a proactive one that ensures we are best positioned to face any challenge that this broader macroeconomic context might bring in the future,” they say. “Our strategic goals remain unchanged.”

Additionally, they reiterate that the company is in a “strong” financial position to weather a turbulent market, with a total of $282 million in its…

Read more…

Related articles

What is Klayton Blockchain & Why Toon Finance is Better Choice – CryptoMode

The Klaytn network has taken a big hit today, as the price of KLAY tokens has tumbled following...

Peter Schiff Says Bitcoin Still Has a Long Way to Fall — Values BTC at $10K – Markets and Prices Bitcoin News

Economist and gold bug Peter Schiff says bitcoin still has a long way to fall after the collapse...

ATP Finals 2022 full schedule, results, TV channel and live stream as Novak Djokovic reaches final, Rafael Nadal bows out in Turin

Novak Djokovic will meet Casper Ruud in the final of the 2022 ATP Finals after being taken to...

Top 3 Hottest NFT Mints for November 2022 Blackfriday Cryptocurrency

What are NFTs and How Do They Work? You may have heard about a new craze sweeping the internet...