Chime Financial Inc. (CHYM) Stock: Surges as AI Push Triggers 10% Workforce Cut

TLDR Chime shares gained 1.73% as the fintech announced a 10% workforce reduction. About 150 employees will lose their roles as Chime shifts toward smaller teams. The company plans flatter management and wider AI use to improve efficiency. Chime will report second-quarter results on August 5 after its restructuring. Financial firms are cutting jobs as [...]

The post Chime Financial Inc. (CHYM) Stock: Surges as AI Push Triggers 10% Workforce Cut appeared first on Blockonomi.