Affirm inventory Drops. agency Slashes 19% of Jobs After Earnings Miss.

Affirm Holdings, a buy-now, pay-later fintech, is slashing 19% of its workforce after lacking expectations for every its second fiscal quarter and its immediate outlook.

Founder and CEO Max Levchin said he was “deeply sorry” for these affected by the job cuts. In a letter posted on


Affirm


‘s internet web site, he said the agency’s choice to develop quickly by way of the pandemic and its too-gradual response to macroeconomic challenges that elevated its prices “implies that we have now constructed a a lot larger staff than we’re ready to pretty count on to assist.”

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