Comment on Lending Club to lay off 179

Lending Club to lay off 179

Lending Club plans to lay off 179 workers, or about 12 percent of its workforce, its latest response to a still-unfolding crisis that has cooled investors’ interest in the firm’s loans and pushed the company to fire its founding chief executive. The company also said an internal review had uncovered problems with some investor disclosures and had found a series of questionable loans made to former CEO Renaud Laplanche and his family members.

 

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