Nubank fires 40 people and closes investment advisory

Nubank fires 40 people and closes investment advisory

Nubank dismissed 40 employees this Tuesday (31), and closed its investment advisory service. The cuts are unrelated to the drop in investment funds that had Americanas debentures in their composition and had a drop in income after the retailer’s financial crisis came to light. These assets are managed by Nu Asset.

According to the newspaper O Estado de S. Paulo, the dismissals are related to the company’s strategy and the economic scenario. However, the focus of the business on high-income customers continues. In total, the company has 70 million customers.

The end of the investment recommendation area does not affect customers who have financial investments in Nubank or in the NuInvest brokerage (formerly Easynvest).

Nubank informed that the end of the area was decided after “careful evaluation” and that the service was available for a small portion of customers. Those who had access to it could receive guidance on which assets to invest in, in fixed or variable income, according to the risk level of each profile and the deadline for redemption.

“Nubank’s staff increased from 6,000 to 8,000 employees in 2022, and, as already announced, the company continues to hire, at the appropriate pace for its business plans in 2023”, reported Nubank.

Nubank is not the first to dismiss in the investment market, which gained strength with the drop in interest rates recorded between 2018 and 2021. Empiricus and XP, for example, are among the companies that made cuts. Neither does the influencer market. Nathalia Arcuri, from Me Poupe, and Thiago Nigro, from Grupo Primo, also made team cuts.

Source: CNN Brasil