https://layoffcheck.com/companies/pagaya Layoff and WARN notices reported for Pagaya. en-us https://layoffcheck.com/companies/pagaya#2024-06 https://layoffcheck.com/companies/pagaya#2024-06-781 Wed, 05 Jun 2024 12:00:00 GMT Pagaya laid off 100 employees, about 20% of its roughly 540-person workforce, in June 2024 as the AI lending platform pushed to reach profitability. Most of the cuts fell on its Israel-based operations, and Yariv Hasar, who had led the Israeli unit for two years, departed as part of the restructuring. The move was the company's second significant reduction in 18 months, following the elimination of 140 positions in early 2023. People familiar with the situation said the goal was to "accelerate the transition to profitability and achieve positive cash flow." The cuts came despite a strong first quarter: Pagaya reported $245.2 million in revenue, up 30% year-over-year, though it still posted a $21.2 million loss. President Sanjiv Das, who joined in October 2023, led the restructuring effort. https://layoffcheck.com/companies/pagaya#2023-01 https://layoffcheck.com/companies/pagaya#2023-01-2372 Wed, 18 Jan 2023 12:00:00 GMT Pagaya reported a workforce reduction in Tel Aviv in January 18, 2023.