Alphabet -backed British fintech unicorn GoCardless has said it will reduce its global headcount by 15%, slashing 135 roles in a bid to cut costs.
A separate 15 roles will be transferred from Britain to Latvian capital Riga.
The payments firm most recently raised $312 million in a Series G funding round in February, earning a $2.1 billion valuation.
Its backers include Alphabet's venture capital investment arm GV, BlackRock and Permira.
Takeuchi hinted at the firm's renewed focus on profitability to CNBC in comments at the Money 20/20 conference last week.
Persons:
GoCardless, Hiroki Takeuchi, Permira, Takeuchi, CNBC's Ryan Browne, — CNBC's Ryan Browne
Organizations:
GV, CNBC
Locations:
British, Australia, New Zealand, Britain, Latvian, Riga, London, BlackRock