CommonBond Makes Changes in Preparation for Tough 2019

CommonBond has laid off about 18 percent of their workforce as they restructure internally to prepare for what they believe will be a tough 2019; “It’s no secret that the market is more volatile now than it was before,” CEO David Klein said to American Banker. “We think it’s important to be responsive, and grow in the right way. We see a lot more opportunity in the market, and we want to capture it wisely.”; the company is not just getting rid of staff, they are hiring in certain areas that help to generate high returns and ensuring they are properly prepared for the year ahead. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.