https://layoffcheck.com/companies/flywire Layoff and WARN notices reported for Flywire. en-us https://layoffcheck.com/companies/flywire#2025-02 https://layoffcheck.com/companies/flywire#2025-02-426 Wed, 26 Feb 2025 12:00:00 GMT Flywire eliminated 125 employees in late February 2025, equal to roughly 10% of its 1,250-person workforce, after tightening visa policies in Canada, Australia, and the United States began cutting into its core international tuition-payment business. CEO Michael Massaro described the move as "a difficult decision" aimed at letting the company "operate as efficiently and effectively as possible," citing anticipated continued restrictions in 2025. Canada and Australia together represent about 15% of Flywire's revenue, and that slice was projected to fall by nearly a third. Fourth-quarter revenue grew only 17%, missing analyst expectations, and the company guided to 9-13% growth for 2025 against a prior expectation of 20%-plus. Shares fell 37% on the news, hitting their lowest level since the 2021 IPO. On the same day, Flywire announced the $330 million acquisition of Chicago-based payments firm Sertifi. https://layoffcheck.com/companies/flywire#2020-05 https://layoffcheck.com/companies/flywire#2020-05-3997 Thu, 07 May 2020 12:00:00 GMT Flywire reported a workforce reduction in Boston in May 7, 2020.