Solaris Fintech Cuts 20% of Staff as It Pivots to 'AI-Native Bank'
Finextra·medium signal
German banking-as-a-service fintech Solaris announced it will cut 20% of its workforce as part of a transformation to become an 'AI-native bank.' This follows the pattern of financial institutions using AI transformation narratives to justify significant headcount reductions, joining Salesforce, Klarna, and others in the AI-driven workforce restructuring trend across enterprise software and fintech.