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Evening Standard

Business

Simon Hunt

Revolut to hire 1,700 more staff as London fintechs defy global jobs cull

Revolut London fintech Layoffsfyi LinkedIn Standard

The City of London is keen to attract the next wave of fintech start-ups
(Picture: Shutterstock / ZGPhotography)

It has been the worst month for tech layoffs since the beginning of the pandemic with scores of US giants letting thousands of staff go over January.

First out of the gate was cloud computing business and Slack owner Salesforce, which said it was cutting about 8,000 jobs at the beginning of the month. Soon after Amazon said it was bringing its total layoffs to 18,000.

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