This isn't the first time the fintech company has made deep cuts in its employee count. Layoffs numbering about 1,000 were rumored both in 2024 and 2025.
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The sugar behemoth Florida Crystals, which has lobbied on tariff policy, gave $2m to the main pro-Trump Super Pac, Maga Inc, ahead of Trump slapping tariffs on imported sugar. Reynolds American likewise delivered $2m to the same Super Pac while successfully pushing Trump to crack down on imports of Chinese tobacco products.
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