Stone Layoffs
Industry Finance · Location Sao Paulo · Brazil · Subscribe (RSS)
Stone has 2 publicly reported layoff rounds on record between May 12, 2020 and March 13, 2026. A total of about 1,700 employees were affected across these rounds.
Layoff history
Brazilian fintech Stone laid off about 400 employees in March 2026, roughly 3% of its approximately 14,000-person workforce, describing the move as a restructuring aimed at greater efficiency. The cuts primarily hit technology roles, and the company cited advances in its artificial intelligence initiatives as a factor. New CEO Mateus Scherer, who had taken the role earlier that month, announced the reductions in an internal message, framing them as a targeted adjustment within ongoing simplification efforts and saying there would be no impact on clients or partners. The São Paulo IT workers' union (SINDPD-SP) condemned the layoffs as anti-union, arguing they breached a requirement for prior union negotiation and pledging legal action. The cuts followed weaker Q4 results, with transaction-volume growth slowing to 5.3% year over year from about 9% the prior quarter.
Reason: efficiency restructuring amid AI initiatives
Source: jovempan.com.br
Stone disclosed a workforce reduction affecting its Sao Paulo operations in May 12, 2020. Approximately 1,300 roles were eliminated.
Source: reuters.com
Data for Stone is compiled from public WARN Act filings and reporting linked above. See our methodology.