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Monzo Lays Off An Additional 120 Staff

Monzo Lays Off An Additional 120 Staff

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EuropeFintech
··1 min read

UK digital bank Monzo is reportedly laying off 120 staff due to the challenges of the current economic situation; this is in addition to the 295 people already given their notice and the shuttering of a call center in Las Vegas that impacted 165 people; these are challenging times for the UK digital bank as just last month it was reported the company was looking to raise money at a 40% lower valuation than their previous round; Monzo is seeing less card spending both in the UK and abroad leading to significantly less revenue from interchange fees. Tech Crunch

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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