Zepz AI layoff details
Explicit AI citedreputable_reporting
Reported layoffs: 200
Industry: Finance · Geography: United Kingdom
Zepz cut roughly 200 jobs after saying replatforming efforts, advanced automation, and AI had reduced the need for some operational and technical roles.
The successful completion of its replatforming efforts, enhanced by advanced automation and AI, has reinforced the technology foundation and reduced the need for certain operational and technical capacities.
CNBC-confirmed layoff as summarized by FinTech Futures, citing company spokesperson language that directly tied the reduction to automation and AI.
Sources
- FinTech Futures, 2025-03-28