Kueski is an online micro-credit platform that manages loans at affordable rates for more than 500,000 Mexicans. Like many companies during this time, the startup has been forced to make cuts to ensure survival of the business.
The startup has had to reduce its workforce by around 90 employees, although the exact number was not disclosed. The move is in response to the increasing financial difficulties many companies are facing due to social isolation and the inability to run business operations as usual.
“As a company, we have had to make some difficult decisions, one of which was to reduce our workforce in a way which respects and recognizes the work of our colleagues, and to ensure that we can continue to provide financial services to the millions of Mexicans who will need our products at this time,” said the company.
The startup is working on a strategy to support its ex-employees as they transition to a new job during this difficult time.
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