London fintech company Zilch is poised to begin a wave of layoffs as the buy now pay later business wrestles with the impact of recession and rising interest rates, the Standard has learned.
The Victoria-based “unicorn”, which was valued at $2 billion in a funding round earlier this year, is set to start a restructuring which could see dozens of staff - amounting to more than 10% of the workforce - being laid off, while new recruits set to join the firm report having their offers rescinded as part of the plans to reduce the headcount.
