Venture Capital
The boss of European digital insurance startup Wefox decried how tech companies have laid off workers en masse. : HELSINKI, Finland — The boss of European digital insurance startup Wefox offered a damning response to tech companies that have laid off workers en masse. The likes of Meta, Amazon and Twitter have laid off tens of thousands of employees in response to pressure from investors, who want to see them cut costs to weather a global economic downturn. Swedish fintech firm Klarna was among the first major employers in tech to slash jobs this year, cutting 10% of its workforce in May.

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