Affirm

Dropped the phrase "diversity, equity and inclusion" from its annual report. The wording appears in the 10-K filed 2024-08-28 and is absent from the 10-K filed 2025-08-28. The later filing uses "diversity and inclusion" instead.

Despite increasing AI use for software engineering, CEO Max Levchin stated in 2025 that Affirm has no plans for AI-spurred layoffs. The company uses AI technology extensively but has rejected framing AI as a justification for workforce reductions, distinguishing it from competitors citing AI as rationale for cuts.

Affirm AI credit decisions. BNPL underwriting. Financial inclusion vs exclusion.

Laid off 19% of workforce in 2023. BNPL company Max Levchin blamed interest rate environment.

Affirm 19% layoffs. Max Levchin blamed interest rates. BNPL struggles.

Laid off 9% of workforce in December 2022, then 9% more in 2023. Dustin Moskovitz blamed market conditions.