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      <p>
        Wealthsimple, a hybrid investment platform, has announced plans to cut down nearly 13% (159 employees) of its 1,262 employees.&nbsp;
      </p>
    </li>
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      <p>
        The company cites unfavorable market conditions and a slowdown in business as a reason for the layoffs. Along with the layoffs, the company expects to scale down on its non-core products such as peer-to-peer payments, tax, and merchant services and focus heavily on its core products such as investing and banking.
      </p>
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  </ul>
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<div>
  <p>
    <a href="https://techcrunch.com/2022/06/15/wealthsimple-valued-at-4b-last-year-joins-the-fintech-layoffs-list/">
      TechCrunch
    </a>
  </p>
  <p>
    <a href="https://betakit.com/after-hiring-freeze-wealthsimple-makes-staff-cuts/">
      BetaKit
    </a>
  </p>
</div>


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