Upstart lays off 7% staff amid weakening demand for loans

Lending giant Upstart has laid off about 140 employees — or 7% of its total workforce — who help process loan applications, sources told TechCrunch. The cloud-based AI lending platform notified its affected employees about the layoff on Tuesday. Upstart had about 2,000 employees, according to the company, which confirmed the layoffs. “Given the challenging […] Upstart lays off 7% staff amid weakening demand for loans by Jagmeet Singh originally published on TechCrunch...