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Plaid lays off 20% of staff, CEO says the fintech company ‘hired and invested ahead of revenue growth’

Fintech decacorn Plaid is laying off 260 employees, or about 20% of its workforce, the company announced today.
While specific details around who exactly was affected remain unknown, sources in recent months had told TechCrunch that the San Francisco-based startup’s engineering team was likely to take a big hit. In March, Plaid CTO Jean-Denis Greze told TechCrunch that he grew his engineering team 17.5x in just four years, from 20 engineers to 350 people. Today’s cut likely reverses some of that hyper-growth. 
A company spokesperson did not disclose how many engineers are being impacted, sayin

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