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Neo-banking startup lays off 47 employees, founders take 50% pay cut as company looks to optimise operations

Shortpedia

Content Team
Image Credit: entracker

Neo-banking platform OPEN has laid off 47 employees, joining a long list of startups that have had to trim their workforce amid uncertain macroeconomic conditions. The founders of the fintech platform have also taken a 50% pay cut. The Kerala based company in a statement said that it is looking to optimise its operations.