Buy now, pay later firm Sezzle is laying off 20% of its North American workers this year. The cuts are an effort to save around $10 million as the company focuses on moving closer to profitability, Sezzle said in a statement on Thursday. The layoffs come as Sezzle prepares to consolidate its operations with rival installment lender Zip. The company announced last month it would acquire Sezzle...
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Exclusive from The Electric: GM’s New CTO Exits After One Month In the Job
General Motors’ chief technology officer, Gil Golan, is leaving the job after one month, according to an internal company memo distributed today, parts of which were seen by The Electric. Golan’s departure, effective Nov. 1, comes one week after a profile in The Electric in which he described a plan to aggressively expand the company’s work in batteries, create a “dream team” of battery...
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