Fintech Amount, which was valued at $1B last year, lays off 18% of staff

Amount, a fintech that reached unicorn status last year, has laid off 18% of its workforce.
The exact number of how many people were affected is not known, but when TechCrunch reported on its last raise in May of 2021, the company said that it had 400 employees. If that is still the case today, then about 72 people were let go. When contacted, the company confirmed that the 18% figure was correct but did not specify the exact number. In a written statement, CEO Adam Hughes said:
Due to the current macro-economic environment, we have decided to take some proactive adjustments to ensure Amount’

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