Mortgage & banking fintech Blend cuts 10% of workforce, representing $35.4m in expenses
Banking and mortgage software firm Blend will cut 200 jobs, or about 10% of its workforce as it aims to hit 2022 guidance provided in 4Q21 earnings. Cuts are about $35.4 million of expenses, and Blend will record about a $6.7 million charge, including cash payments for benefits and severance.
Banking and mortgage software firm Blend will cut 200 jobs, or about 10% of its workforce as it aims to hit 2022 guidance provided in 4Q21 earnings. Cuts are about $35.4 million of expenses, and Blend will record about a $6.7 million charge, including cash payments for benefits and severance.
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