Personal finance management platform NerdWallet has laid off more than 40 employees, or about 8% of its workforce, according to TechCrunch. VP of growth Henry Hsu has also left the San Francisco-based company, and COO Dan Yoo is shifting into an advisory role, per the report. Founded in 2009, the company has raised about $70 million in funding and was valued at $460 million in 2015; backers include IVP and Bam Ventures.
The news comes two days after NerdWallet was named one of the best places to work by the San Francisco Business Times. NerdWallet is one of many companies that have made staff cuts over the last several months.
Check out our previous layoff coverage right here.