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Unit and Loop Layoffs, Brex Shakes Up Leadership, and More Tech News
Hey there, tech enthusiasts! 📢 Picture this: A day packed with game-changing moves in the tech world. We’ve got startups trimming down teams, companies shifting leadership gears, and fresh funding rounds making headlines. Buckle up! 🚀 We’re diving into the latest buzz that you won’t want to miss.
🚨 Unit Layoffs
First up, let’s talk about Unit. This banking-as-a-service (BaaS) startup was once soaring high with a valuation of $1.2 billion. Sadly, that balloon has slightly deflated as they recently laid off about 15% of their staff. The tech world can be a rollercoaster!
đź‘” Brex Ditches Co-CEO Model
Brex is another company making waves. Known for its splash in the expense management sector, Brex is dropping its co-CEO model. Why, you ask? Well, they’re looking to streamline decision-making and make themselves more attractive to investors. They’ve got an IPO on the horizon, and they want everything shipshape.
🏦 Brex’s Secondary Sale and New Checking Account
Henrique Dubugras and Pedro Franceschi, the brains behind Brex, also shared some exciting news. A secondary sale of shares is likely before they go public. Plus, they’ve launched a new checking account for businesses, thanks to partnerships with Column and Stripe Atlas.
