After years of unbridled growth, payment company Mollie is now pulling the brakes. There will be layoffs, says founder Adriaan Mol FD.
After its founding in 2004, Mollie was known as an independent and flourishing company. Blackstone, the largest private equity company in the world, paid 665 million euros for a modest number of shares in 2021, but now says “with open eyesto have walked in.
The fintech company, which makes online payment transactions possible, suffered the largest loss in its history last year with a minus of 121.5 million. This was mainly due to the incurred personnel costs. “We hired too many people in a short time and went too far,” says Mol FD. “The company was no longer efficient.”
Approximately eight hundred employees spread across six countries are employed by Mollie. According to Mol, fewer than eighty jobs are at risk. Some of the staff could continue to apply internally.
In 2021, Mollie opened a second Dutch branch in Limburg. The team there grew from fifteen to seventy people in the past two years, wrote The entrepreneur earlier.
2023-09-11 08:31:39
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