Opposed👷Worker TreatmentJanuary 1, 2023

Brex

Brex 20% layoffs. Dropped SMB customers entirely. Enterprise pivot.

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Brex — Worker Treatment: OPPOSED

Brex 20% layoffs. Dropped SMB customers entirely. Enterprise pivot.

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Opposed📉LayoffsJan 2024

Cut 20% of workforce (282 employees) in January 2024, the second major round after October 2022's 11% (136 employees). Co-CEO Pedro Franceschi cited over-hiring and excessive management layers. The Information reported the company burned $17M monthly in Q4 2023 with runway only through March 2026. The cuts "contributed to a lot of the savings" that halved burn rate. Brex reached approximately 1,100 employees by 2026.

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Mixed🤖AI EthicsJan 2024

Brex AI expense management. Corporate card AI. Financial automation.

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Opposed📉LayoffsOct 2022

Brex cut 11% of staff (~136 employees) in October 2022, then another 20% in early 2024. CEO emails cited focus on path to profitability.

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