Posted on August 03, 2022
Buy now, pay later provider Laybuy says it will drop 45 employees, mostly in its head office in Auckland, as it restructures as part of its work to become profitable.
The part-payment platform has experienced a significant drop in value since it listed, dropping from A$246 million to A$19.62m this week.
Laybuy reported a loss of $51.6m for the year to the end of March – $10.3m more than it lost the previous year.
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