Chime is laying off 12% of its workforce

Re:Chime is laying off 12% of its workforce by gwilikers on Wednesday November 02, 2022 @03:37PM (#33441752)

As someone who uses Chime, I’m working on switching to other banks. It’s a nice starter digital bank but their savings rate has lagged most other banks and I’m not sure what killer features they have that SoFi/Ally/etc. don’t also offer now.

Best wishes to those affected, I’m sure there’s a lot of talent that won’t have trouble finding something new.

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Re:Chime is laying off 12% of its workforce by fdgsdfogijq on Wednesday November 02, 2022 @05:53PM (#33443432)

Yeah I started using it out of curiosity, its very bare bones and not sure why I would use it over Chase

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Re:Chime is laying off 12% of its workforce by toomuchtodo on Wednesday November 02, 2022 @06:02PM (#33443534)

The target market for these fintechs is typically your unsophisticated financial services consumer. Anyone else is better off at a commercial bank or brokerage, and I’ll go out on a limb and say the cohort I mention is better off there too if they select carefully to optimize for the services they need without the fees.

(I contribute at an org adjacent to deposit fintechs and was an early BankSimple customer)

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Re:Chime is laying off 12% of its workforce by mint2 on Wednesday November 02, 2022 @08:37PM (#33445045)

Wait, does that mean chime offers no meaningful interest like chase?

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Re:Chime is laying off 12% of its workforce by ajyey on Wednesday November 02, 2022 @08:58PM (#33445225)

I was an ally customer for the longest time and their app and website have degraded in quality. Login is abysmally slow and there have been multiple times I was not able to login at all. Recently switched to capital one 360 and so far so good.

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