The fintech will lay off nearly 150 employees from a roughly 1,500-person workforce as it reorganizes around smaller teams and tighter operating discipline after its 2025 IPO.
Chime Financial is cutting roughly 10% of its workforce, affecting about 150 employees out of approximately 1,500, as the San Francisco-based neobank restructures around artificial intelligence, smaller teams and a flatter organization. Chief Executive Officer Chris Britt said the changes reflect a need for operating discipline as Chime adjusts to life as a public company after its June 2025 IPO. Britt told employees the company is evolving its structure and skills as AI changes how work gets done and enables faster execution. The move marks Chime’s second major layoff round in recent years after the company eliminated about 160 roles, or roughly 12% of staff, in 2022. Chime’s shares were little changed on the news, with the stock already down about 10% year-to-date before the announcement. The restructuring places Chime alongside other financial and technology companies using AI-led productivity gains to redesign their workforces, with investors now watching whether the leaner structure can support margin expansion as well as growth in revenue, users and average revenue per user.