<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        Affirm, a BNPL platform, has announced plans to lay off 60 employees associated with its operations in Pittsburgh as part of its transformational phase.
      </p>
    </li>
    <li>
      <p>
        The company stated the planned reduction in its workforce from Pittsburgh operations is part of its restructuring plan to consolidate several operations teams.&nbsp;
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake: </b>
        Affirm&rsquo;s layoff news comes nearly three weeks after Block announced 
        <a href="https://sp-edge.com/updates/26111">
          laying off around 1,000 employees
        </a>
         associated with Cash App and Square due to declining revenues and mounting losses with its subsidiary business units. Block stated the reason for the reduction in workforce was because the company has grown excessively while revenues have remained stagnant.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://bnnbreaking.com/finance-nav/affirms-pittsburgh-layoffs-a-tale-of-corporate-strategy-and-employee-impact">
      BNN Breaking
    </a>
  </p>
</div>


Buy Now, Pay Later

ANALYST_QUICK_TAKE

<div>
 
 <p>Affirm, a Buy Now Pay Later (BNPL) platform, is planning to terminate 60 of its Pittsburgh-based employees. This move is a component of a sweeping restructuring plan set to consolidate various operations teams.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Affirm’s layoff news comes nearly three weeks after Block announced <a href="https:<br>
//sp-edge.com/updates/26111"> laying off around 1,000 employees </a> associated with Cash App and Square due to declining revenues and mounting losses with its subsidiary business units. Block stated the reason for the reduction in workforce was because the company has grown excessively while revenues have remained stagnant.</p>

Affirm announces to lay off 60 employees as part of restructuring plan

DISRUPTOR_PRESENT

PROMINENT_CATEGORY

<div>
 <ul>
  <li><p>Affirm has partnered with Amazon Business to offer flexible payment options for small businesses at checkout.</p></li>
  <li><p>This collaboration allows small businesses to finance their purchases on Amazon Business through installment payments over 3-48 months.</p></li>
  <li><p>Affirm's B2B flexible payment solution aims to expand its product reach and support small business purchases via Amazon Business.</p></li>
 </ul>
</div>

All Updates

Affirm announces to lay off 60 employees as part of restructuring plan

Affirm expands partnership with Amazon Business to grow its product reach

Affirm partners with Loop Returns and announces to divest Returnly

Amazon partners with Affirm to offer flexible payment options for Amazon Pay customers

Affirm’s Q3 FY2023 earnings beat analyst estimates; reports 7.4% total revenue growth

Affirm exits Australian market citing an orderly wind-down of operations

Affirm to hike annual percentage interest rates on BNPL products from 30% to 36%

Affirm’s stock price takes 17% hit on soft revenue and GMV outlook; marginally beats revenue consensus but misses on EPS expectations

Affirm’s share price drops over 12% in after-hours trading due to lower guidance despite Q4 FY2022 earnings meeting analyst expectations

Affirm enters partnership with payment instructure provider Stripe