Chime confirmed it is firing 12% of its staff. This makes a total of 160 individuals. Britt and co-founder Ryan King are recalibrating marketing budget, reducing contractors, altering workspace demands, and renegotiating vendor contracts, according to the memo. 

Opendoor announced 18% layoffs. About 500 employees. Opendoor co-founder and CEO Eric Wu called their publicly traded real estate fintech "one of the most challenging real estate markets in 40 years." 

Chargebee fired 10% of its workers. Jagmeet wrote on November 2 that “Chargebee, backed by prominent investors including Tiger Global and Sequoia Capital India, has laid off around 10% of its personnel in a ‘reorganisation' attempt due to persistent global macroeconomic issues and mounting operational debt. The Chennai and San Francisco-based billing, subscription, revenue, and compliance management business told TechCrunch that the update affected 142 employees. 

Stripe fires 14%. “Stripe has revealed that it's laying off 14% of its staff, hitting about 1,120 of the finance giant's 8,000 workforce,” Paul stated. Stripe CEO Patrick Collison gave a typical explanation for the new layoffs in an online memo: a pandemic-driven employment rush, a growth era, and an economic collapse with inflation, rising interest rates, and other macroeconomic issues. 

Danish startup Pleo may lay off 15%. Jeppe Rindom, Pleo's co-founder and CEO, said the company's new approach will affect 15% of its roles. “Up to 150 colleagues may have to leave,” he said. Pleo makes cost management software for SMBs to issue corporate cards and track employee spending. 

Intuit-owned Credit Karma has "chosen to freeze practically all recruiting." Colleen McCreary, chief people officer, emailed staff this. McCreary mentioned “revenue challenges due to the unpredictable environment.” "All Credit Karma verticals have been badly impacted by macro uncertainties," the business stated in a November 1 news release. Credit Karma's verticals declined in the first quarter's final weeks. 

Notarize cuts 60 employees. This followed a June layoff of 110 workers. Notarize employed 440 employees before the cut. It employs 250 Americans.