2min chapter

Equity cover image

Brex's 2022 reality

Equity

CHAPTER

CEO and Founding CEO - Laying Off 11% of Staff

Just last week I wrote about a decision that you made as a company that to lay off about 11% of your staff so I think 136 people if I remember correctly. Earlier this year earlier this year you know you were valued at $12.3 billion making you a deca corn. How did it feel to go from like raising hundreds of millions of dollars at this very high valuation to having to lay off staff? "It's an incredibly hard thing to do as CEO and founder"

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