https://layoffcheck.com/companies/zepz Layoff and WARN notices reported for Zepz. en-us https://layoffcheck.com/companies/zepz#2025-02 https://layoffcheck.com/companies/zepz#2025-02-446 Wed, 12 Feb 2025 12:00:00 GMT London-based money transfer company Zepz cut approximately 200 employees in February 2025, representing 20% of its roughly 1,000-person global workforce. The reductions fell heavily on IT functions including database administration, development operations, and software engineering. Management attributed the cuts to the completion of a multi-year replatforming effort and increased automation and AI adoption across its operations, which reduced the need for certain technical and operational roles. The company also proposed closing its business entities in Kenya and Poland. CEO Mark Lenhard, in an internal memo, called the move "a difficult choice" but said it was critical to the mission's long-term success. Customer service was not affected. The February round was Zepz's third round of cuts since 2023. https://layoffcheck.com/companies/zepz#2023-11 https://layoffcheck.com/companies/zepz#2023-11-1197 Thu, 30 Nov 2023 12:00:00 GMT Zepz reported a workforce reduction in London in November 30, 2023. https://layoffcheck.com/companies/zepz#2023-05 https://layoffcheck.com/companies/zepz#2023-05-1786 Tue, 16 May 2023 12:00:00 GMT Zepz reported a workforce reduction in London in May 16, 2023.