C6 Bank lay off about 12% of its employees, the São Paulo Banking Union called the digital bank to an emergency meeting in order to understand the mass layoff.
According to the Layoffs Brasil portal, which tracks layoffs in startups and financial institutions, C6 Bank cut around 500 employees, mainly in the areas of technology, design, human resources, and products.
Earlier this month, Brazilian fintech C6 Bank dismissed its employees, also pushed by the impacts of the coronavirus pandemic on business, as reported by Valor media outlet. “During the economic downturn, we made adjustments in several areas,” said C6 Bank in response to the newspaper.
