Fintech company Chime will reduce its workforce by 10%, impacting nearly 150 employees, as it restructures operations to improve efficiency and adapt to the growing role of artificial intelligence in its business.
A company spokesperson confirmed the layoffs, making Chime one of the latest firms to streamline operations by leveraging AI-driven productivity gains.
The broader AI boom continues to reshape hiring strategies and workforce structures across corporate America, as companies seek to generate stronger returns from significant investments in artificial intelligence while reorganising teams for greater efficiency.
In a memo to employees, Chris Britt, CEO and Co-founder of Chime, said, “AI is changing what’s possible but requires new skills.”
He added, “Smaller teams with fewer layers are moving faster than ever and getting more done.”
According to the company, the restructuring will affect approximately 150 employees. Chime employed about 1,500 people at the end of last year.
Britt also noted that the organisational changes would create a flatter structure, with smaller teams in certain functions while building new capabilities in others.
“As a public company, we must accelerate growth while continuing to demonstrate operating discipline to build an even stronger, more profitable business.”
Chime, which debuted on the public markets in June 2025, is scheduled to report its second-quarter financial results next week. The company’s shares have declined about 10% so far this year and were little changed in morning trading following the announcement.
Chime’s workforce reduction reflects a broader trend among technology companies that are reorganising operations around artificial intelligence. As businesses continue integrating AI into core functions, many are reshaping team structures to improve productivity while maintaining financial discipline and supporting long-term growth.
