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Monzo to lay off up to 120 employees as the ‘economic situation’ remains challenging

June 3, 2020

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Monzo, the U.K. challenger bank, continues to be faced with tough decisions linked to the coronavirus crisis and resulting economic downturn. Following the shuttering of its Las Vegas-based customer support office and almost 300 staff being furloughed in U.K., the company has announced internally that up to 120 U.K. staff are being made redundant. Reuters first reported the news just moments ago — which I have now confirmed based on my own sources. According to an internal memo written by new CEO TS Anil, following an all-hands earlier this afternoon…

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Monzo to lay off up to 120 employees as the ‘economic situation’ remains challenging

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