SoFi Layoffs to Hit 7% of the Workforce? What Investors Should Know

By Neil Rozenbaum – Jan 10, 2024 at 11:30AM

NASDAQ: SOFI

SoFi Technologies

Market Cap

$8B

Today's Change

(3.69%) $0.28

Current Price

$7.87

Price as of April 26, 2024, 4:00 p.m. ET

Is this a necessary step toward profitability, or is there more to the story?

In this video, I will talk about SoFi Technologies (SOFI 3.69%), the recent layoff reports, why this might have happened, and how it might affect the business.

*Stock prices used were from the trading day of Jan. 9, 2024. The video was published on Jan. 10, 2024.

Neil Rozenbaum has positions in SoFi Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.