Wealthsimple says it is laying off 13 per cent of its workforce as the financial services company faces “market volatility.”
While Katchen notes the market soared and business grew at an unprecedented rate amid the pandemic, he says those conditions are now unwinding and Wealthsimple’s clients are living through a period of market uncertainty they’ve never experienced before. Wealthsimple will reduce its investment in other areas like peer-to-peer payments, tax, and merchant services and restructuring teams dedicated to recruiting, marketing, client success and research.
This is probably mostly because they went all in on crypto and preyed upon downwardly mobile millennials who thought they could escape grinding housing costs etc. they’re nothing but financial predators selling the vulnerable on a Ponzi scheme. I hope they go out of business
wow ...wealth simple ...didnt save enough for its own rainy day
These are the same assholes who had the audacity to analogize cryptocurrency to the invention of the wheel.
Wealthsimple's CEO says the business grew at an unprecedented rate during the pandemic, but its clients are now living through a period of market uncertainty they’ve never experienced before.
Not Mike, surely. He won a stock picking competition aged 11.
property taxes not being done right 'thanks to the PC party under Mike Harris among other things.' huge cuts to education, healthcare and other sectors is also a huge issue.
__mountjet 👀
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