Pagaya Lays off 15% of the workforce

Pagaya announced 100 employees’ layoffs from their company. which means around 15% of the workforce from their overall headcount.

Israeli fintech company Pagaya is preparing to lay off over 100 employees, accounting for 15% of its workforce, as part of its plan for 2023. Pagaya, which employs 650 people, announced on Wednesday its first acquisition, purchasing U.S.-based proptech platform Darwin Homes.

Austin-based Darwin, which is now a wholly-owned subsidiary of Pagaya, was started by two founding members of DoorDash, Ryan Broderick and Zach Kinloch, who will continue to lead the integrated platform within Pagaya.

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