Posted on August 05, 2022
The announced layoffs, which are across all business operations, will provide $10 million in annual cost savings, Sezzle said.
The Sezzle-Zip deal is the latest consolidation in the hot "buy now, pay later" sector: Zip had previously bought Quadpay, and Block recently closed its acquisition of Afterpay. (The all-stock deal, initially worth $29 billion, ended up being worth less than $15 billion because of the decline in Block’s share price.)
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