Affirm rejects AI-related layoffs despite increased engineering use
Updated
Updated · American Banker · May 8
Affirm rejects AI-related layoffs despite increased engineering use
10 articles · Updated · American Banker · May 8
On its fiscal third-quarter earnings call, CEO Max Levchin said AI would help the buy now, pay later lender “ship more”, not cut jobs.
Affirm also reported revenue up 33% to $1.04bn, net income of $102m, and gross merchandise value up 35% to $11.6bn, beating analyst expectations.
The stance contrasts with fintech peers linking cuts to AI, while Affirm said funding markets remain strong despite wider pressure on digital finance over consumer, private credit and regulatory risks.
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