SoFi

SoFi laid off approximately 300 employees (7% of workforce) in January 2024, despite being a big winner in the stock market in 2023 with shares gaining 116%. The cuts primarily affected engineering roles. The company had reported "record adjusted net revenue" of $531 million in Q3 2023 but also posted a net loss of $19.5 million. SoFi previously laid off employees from its technology unit in January 2023 (under 5% of staff) as the student loan moratorium pressured revenue.

SoFi maintains Diversity, Equity, and Inclusion as its No. 1 company priority, stating DE&I is "at the center of everything they do" and a "competitive advantage." The company sponsors seven Employee Resource Groups (SoFi Circles), runs a Manager Excellence Program equipping managers to create inclusive environments, and has 4.3/5 stars on DEI employee ratings. SoFi defines DE&I as creating a culture where "every employee feels like they genuinely belong, are respected and valued, and can do their best work."

Declared "Virtual First" permanently. Converted offices to collaboration spaces. Strong remote work advocate.