Financial comparison site Finder lays off 60 employees or 17% of the global workforce
A person using finder app on his cellphone -www.finder.com.au
Financial comparison platform Finder has implemented its third major round of layoffs in the past year, reducing its global workforce by 17%, with approximately 60 employees affected in this latest restructuring. Notably, this marks the fourth instance of redundancies in 12 months, with Finder previously conducting a smaller round of layoffs late last year.
The editorial team appears to be among the targeted departments, potentially impacting the site’s content creation. Despite these challenges, Finder operates across 20 countries and boasts over 4 million monthly visitors. The company generates revenue through referral fees from product links, sponsorship, and advertising. While Finder is exploring potential redeployment opportunities for affected staff, a company spokesperson emphasized the need for restructuring to align with current market conditions while maintaining focus on future growth.
This latest development follows a tumultuous period for Finder, once hailed as one of Australia’s ‘Emerging Giants’ startups, with notable challenges stemming from regulatory issues and shifts in business strategy related to cryptocurrency products.
