PeerStreet

BREAKING: LA-based PeerStreet lays off 50+ employees

🌎 Los Angeles βˆ™ πŸ‘©β€πŸ’Ό 50+ employees (30%) βˆ™ πŸ–₯ 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 listπŸ‘‡). 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).

Source: Google Sheets

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