Fintech company Brass has revealed plans to temporarily disengage an unspecified number of its staff, citing current economic challenges as the reason.

CEO Sola Akindolu announced the decision on Monday, stating that despite raising $2 million over four years to navigate changing times, prevailing economic conditions have posed significant obstacles to the company’s plans.

Brass, established four years ago, has been committed to building and growing amidst evolving market dynamics. However, the CEO acknowledged the adverse impact of current economic realities on the company’s operations, prompting the need to adjust staffing levels temporarily.With approximately 50 employees listed on its LinkedIn profile, the exact number affected by the furlough remains undisclosed.

Source: Nairametrics