Digital bank Chime is cutting costs across the board – including 12% of staff

Digital bank Chime confirmed today that it is laying off 12% of its workforce, or about 160 people.
According to an internal memo obtained by TechCrunch, Chime co-founder Chris Britt described that the move was one of many that would help the company thrive “regardless of market conditions.” In the memo, Britt said that he and co-founder Ryan King are re-calibrating marketing spend, decreasing the number of contractors, adjusting workspace needs and renegotiating vendor contractors.
“The changes will help, but we also need to adjust the size of our organization as we increase our focus and for

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