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Monzo Staff Offered Voluntary Furlough

Monzo Staff Offered Voluntary Furlough

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FintechNews RoundupUSA
··1 min read

Monzo is taking action to be sure they will get through the current challenges related to COVID-19; the company currently has 4 million account holders and TechCrunch reports that their CEO is forgoing a salary; in addition, the senior management team has all taken a 25% salary cut and other employees are being offered voluntary furloughing for two months as part of the government’s furlough scheme; Monzo is well capitalized but has recently seen card spend decrease which has subsequently decreased revenue from interchange fees; new user signups are also slowing down; Monzo currently has 1,500 staff; Starling has also furloughed some staff according to a comment from Anne Boden. Tech Crunch

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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