Mike Cagney’s Figure Lays Off 20% of Staff Amid IPO Plans
The former SoFi CEO’s blockchain company is setting financial records and cutting costs.
Mike Cagney
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Figure Technologies Inc. laid off 90 employees this week, or about 20% of its staff, according to documents reviewed by Bloomberg. The company is also starting to interview bankers in advance of a planned initial public offering for its lending business next year, the documents show.
A representative for Figure declined to comment.