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S.F. fintech Blend makes another big layoff as mortgage market slammed

·2 min read
S.F. fintech Blend makes another big layoff as mortgage market slammed

San Francisco-based Blend Labs Inc. cut 220 positions this month, the company’s second layoff this year that in total cut 25% of its workforce. Blend’s latest layoff affects about 140 employees and the elimination of 80 vacant positions, Blend said in an Aug. 15 SEC filing. This month’s layoff shed staff in its title operations as well as general and administrative functions — the same areas hit by an April layoff that cut about 200 employees.