Wirecard lays off over 50% of staff amid insolvency process
The firm is planning to let go of 730 of the 1,300 workers at its Aschheim office, cutting its total number of employees down to 570.
The firm is planning to let go of 730 of the 1,300 workers at its Aschheim office, cutting its total number of employees down to 570.
The insolvency move is the latest event to unfold from the accounting scandal surrounding the digital currency debit card issuer.
SETL has somehow scraped back from bankruptcy to be a new company, with a second chance at making a difference.
In a development that has shocked analysts, the London-based firm revealed it had appointed administrators through a statutory notice in the London Gazette.