https://layoffcheck.com/companies/wex Layoff and WARN notices reported for Wex. en-us https://layoffcheck.com/companies/wex#2024-06 https://layoffcheck.com/companies/wex#2024-06-756 Tue, 18 Jun 2024 12:00:00 GMT Wex, the Portland-based financial technology company, announced on June 18, 2024 that it would eliminate 375 positions worldwide, about 5% of its 7,500-person workforce. The cuts landed primarily in the technology organization, part of an effort to advance what the company called its "technology transformation" and keep pace with a rapidly shifting tech environment. Fewer than 45 of the affected roles were based in Maine, where Wex is headquartered. A spokesperson framed the reductions as necessary to keep the company competitive and keep customers at the center of its operations. No severance terms were disclosed. The announcement marked Wex's fourth layoff event in four years, following smaller rounds in 2020, 2022, and April 2024.