Neo Financial Says It Is Cutting 102 Positions, Amounting to About 10% of Its Staff

Neo Financial cutting 102 positions, amounting to about 10% of its staff

Neo Financial says it is laying off 102 of its employees, amounting to about 10 per cent of its workforce.

Neo Financial says it is cutting 102 positions, amounting to about 10% of its staff

CALGARY - Neo Financial says it is laying off 102 of its employees, amounting to about 10 per cent of its workforce.

Neo Financial cuts 10% of staff in bid to make company ‘simpler and faster’

Calgary-based fintech has grown rapidly but also faces end of its Mastercard partnership with Tim Hortons

Calgary-based financial tech company lays off over 100 employees

A Calgary-based financial tech company has laid off 102 employees, or roughly 10 per cent of its workforce, according to its CEO. In a LinkedIn post on Sept. 8, 2026, Neo Financial released a statement from CEO and co-founder Andrew Chau detailing the layoffs. “Today, we made one of the hardest decisions we’ve made as a company. We said goodbye to 102 of our colleagues, roughly 10 per cent of our team, across nearly every part of Neo,” the post …

Neo Financial lays off roughly 10 percent of its staff

Calgary-based FinTech cut 102 employees to create a “simpler and faster team.” The post Neo Financial lays off roughly 10 percent of its staff first appeared on BetaKit.