Affirm’s stock plunges as it misses earnings, cuts 500 jobs and shutters crypto unit

01:13 09.02.2023
Citing economic turbulence, buy now, pay later giant Affirm announced today that it is reducing its staff by 19%, or about 500 employees, and shutting down its crypto unit. That leaves the company with about 2,000 employees. In a written statement, Founder and CEO Max Levchin said that he takes “full responsibility for this decision […] Affirm’s stock plunges as it misses earnings, cuts 500 jobs and shutters crypto unit by Mary Ann Azevedo originally published on TechCrunch...
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