Friday, 24 March, 2023

Upstart, AI loan Platform, Fires 7% of its Staff

<p>As funding issues continue to limit Upstart&#39;s ability to provide loans, the online consumer lender is laying off 7% of its workers. Upstart informed its 140 hourly loan application processing staff members that their jobs will be eliminated. According to a corporate representative, the job layoffs represent around 7% of the company&#39;s 2,000 or so employees. &#39;Challenging economy and reduction of volume of loans&#39; were&nbsp;stated as one the cause of this layoff.</p>