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On Deck tried to do it all. Now, it’s trying to do less, better

TechCrunch

It resembles a classic accelerator, but perhaps one step earlier than a Y Combinator. Our team worked tirelessly to expand and cover a large surface area,” the co-founders wrote in a blog post addressing the latest layoff. From accelerator to just a classic investor. “Everyone in the room is talking about the same person.”.

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Even well-funded fintech companies are laying off workers

TechCrunch

Schulman added: “Over the past year, we made significant progress in strengthening and reshaping our company to address the challenging macro-economic environment…While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do.