US FinTech Pipe Drastically Reduces Workforce by 50%
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Meanwhile, in another part of the US… Pipe, an embedded capital and financial tools provider for small and medium businesses, has laid off approximately half of its 400-plus workforce in a significant restructuring effort.
A spokesperson told Jason Mikula, our friend from FinTech Business Weekly, that the company needs to put a "stronger focus on profitability, operating efficiency, and core product set."
Exact numbers and departments affected were not disclosed.
Pipe, valued at $2 billion following a $250 million funding round in 2021, employed 462 people as of September 2025, according to LeadIQ.
In its statement, the FinTech said the cut "will better equip us to continue supporting our partners and the small businesses they serve."
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