Mike Cagney’s Figure Technologies laid off 20% of its staff and plans to take its profitable lending business public next year, Bloomberg reported. 

About half of the workers laid off last week were engineers and this was the first round of staff reductions for the company, according to the outlet.

​​”Last Friday I found out I was part of the latest round of layoffs in a company where I truly felt I had belonged and it was jarring to say the least,” a former solutions architect at Figure said in a LinkedIn post. 

Figure didn’t respond to requests for comment. 

The layoff came details ⇒

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