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      Trustly Reduces Workforce by 25% Amid Cost-Cutting Measures

      Trustly, a Swedish open banking company, has announced a significant reduction in its workforce, laying off 200 employees, which accounts for approximately 25% of its total staff. This decision is part of a broader strategy aimed at cutting costs and focusing on markets that promise profitable growth.

      The company is shifting its priorities to enhance operational efficiency and streamline its business model in response to changing market conditions. Trustly's management has indicated that these layoffs are necessary to ensure the company's long-term sustainability and competitiveness in the financial technology sector.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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