{"id":36140,"date":"2022-09-16T09:12:02","date_gmt":"2022-09-16T13:12:02","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=36140"},"modified":"2022-09-16T09:12:06","modified_gmt":"2022-09-16T13:12:06","slug":"truelayer-set-to-lay-off-employees","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/truelayer-set-to-lay-off-employees\/","title":{"rendered":"TrueLayer Set To Lay Off Employees"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\" id=\"h-about-45-people-will-lose-their-jobs-at-the-company-which-was-worth-more-than-1-billion-a-year-ago\">About 45 people will lose their jobs at the company, which was worth more than <a href=\"https:\/\/www.google.com\/search?q=worth+more+than+%241+billion+a+year+ago&sourceid=chrome&ie=UTF-8\" target=\"_blank\" rel=\"noreferrer noopener\">$1 billion a year ago<\/a>.<\/h5>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"744\" height=\"556\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-100.png\" alt=\"TrueLayer Set To Lay Off Employees \" class=\"wp-image-36142\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-100.png 744w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-100-300x224.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-100-150x112.png 150w\" sizes=\"(max-width: 744px) 100vw, 744px\" \/><figcaption>TrueLayer Set To Lay Off Employees <\/figcaption><\/figure>\n\n\n\n<p>TrueLayer, an open banking startup in London, said it will lay off 10% of its staff because of &#8220;challenging market conditions.&#8221; <a href=\"https:\/\/coinscreed.com\/staging\/binance-employees-linkedin-profiles-hoax.html\" target=\"_blank\" rel=\"noreferrer noopener\">LinkedIn<\/a> says that TrueLayer has 443 workers, which means that about 45 people will be affected.<\/p>\n\n\n\n<p>The company told its employees about the news at an all-hands meeting on Thursday. On Friday, a blog post told the public about it.<\/p>\n\n\n\n<p>TrueLayer is a company that helps bridge the gap between fiat currencies and cryptocurrencies. It does this by giving infrastructure to companies like Revolut, which offers banking services, and <a href=\"https:\/\/coinscreed.com\/staging\/trezor-wallet-integrates-with-moonpay-to-enable-crypto-purchase.html\">MoonPay<\/a>, which lets people buy and sell cryptocurrencies.<\/p>\n\n\n\n<p>Last September, Tiger Global and Stripe led a funding round in which TrueLayer raised $130 million at a valuation of over $1 billion.<\/p>\n\n\n\n<p>In the blog post, TrueLayer CEO Francesco Simoneschi said, &#8220;It's natural to wonder what's changed in the past year.&#8221; &#8220;We now work in a very different environment and in a more difficult market. Even though TrueLayer is in a strong position, it is not safe from these bigger issues.&#8221;<\/p>\n\n\n\n<p>The layoffs are part of a larger trend in the <a href=\"https:\/\/coinscreed.com\/staging\/uzbekistans-president-issues-decree-to-regulate-crypto-industry.html\" target=\"_blank\" rel=\"noreferrer noopener\">crypto industry<\/a> during this long bear market. TrueLayer joins OpenSea, Coinbase, Blockchain.com, and Gemini, among others, in cutting a lot of staff.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>About 45 people will lose their jobs at the company, which was worth more than $1 billion a year ago. TrueLayer, an open banking startup in London, said it will lay off 10% of its staff because of &#8220;challenging market conditions.&#8221; LinkedIn says that TrueLayer has 443 workers, which means that about 45 people will [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":36142,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[11413,11412,11414],"class_list":["post-36140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-market-conditions","tag-truelayer","tag-valuation"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/09\/image-100.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/36140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=36140"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/36140\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/36142"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=36140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=36140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=36140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}