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| 12dSimpl fires 100 employees in a bid to cut costs
Simpl, a buy-now-pay-later startup, laid off over 100 employees across verticals in a cost-cutting measure, marking its first such action in 2024. The layoffs, announced by CEO Nitya Sharma, impacted high-level employees. Simpl cited a commitment to improving operational efficiency and profitability as reasons for the layoffs. Severance terms remain unclear. This move follows similar actions taken by Simpl in 2023 amid uncertain economic conditions.
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