🌎 Los Angeles ∙ 👩💼 50+ employees (30%) ∙ 🖥 All departments
PeerStreet, a crowdfunding platform for investing in real estate loans, laid off 30% of their staff yesterday. According to an HR employee, the company let go over 50 employees across multiple departments (see link below for the list👇). PeerStreet is the first fintech startup to do a layoff post-COVID 19, but the 3rd one beginning with “Peer” (along with Peerspace and Peerfit).
See our live Layoffs Tracker for a real-time report of all startups that have done layoffs.