Sumup lays off employees
Sophie Deistler
| 30.05.2022
The start-up cites the economic instability in Brazil as the reason. The German site has not been affected by layoffs so far.
According to information from Finance Forward and Financial scene laid off about 100 employees in Brazil. The startup confirmed the layoffs, but did not provide any numbers on the matter. The German site has not been affected so far.
The reason for the decision is said to be the economic instability in Brazil. However, Sumup is not the only company in the financial sector that is currently cutting jobs: Last week, banking startup Kontist terminated 50 employees. Neobank Nuri is cutting nearly one in five jobs. Last spring, Sumup had already terminated 150 employees for operational reasons(we reported).
According to its own information, the start-up, founded in 2012, employs a total of more than 2600 people. More than three million companies use Sumup's payment solutions. These include card terminals and POS systems. Business accounts with Mastercard and the option of operating their own online store are also part of the start-up's offering for corporate customers.
Newsletter
Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.
LinkedIn ConnectTake care, give care
Did this news inform or entertain you? Then we would be happy if you tell your network about it.
Share on Linkedin Share on Facebook Share on XingRelated companies
Startup
2016
Berlin
Kontist
Banking App for freelancers to create a business account with automatic tax calculation.
FYI: English edition available
Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?
FYI: Deutsche Edition verfügbar
Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?
