LendingClub to cut 14% of its workforce (updated)

Happen

12/10/2023 21:30

(Adds shares in paragraph 2)
       Oct 12 (Reuters) - LendingClub  LC.N  on Thursday
announced that the company is cutting about 172 jobs, or 14% of
its workforce, citing a challenging macroeconomic environment.
    Shares of the San Francisco, California-based financial
services company were up 2.2% in trading after the bell.

 (Reporting by Pritam Biswas in Bengaluru; Editing by Maju
Samuel)
 ((Pritam.Biswas@thomsonreuters.com;))