Employees, now laid off from financial services firm MyBambu, tell WPTV they were aware of the company’s financial struggles since the beginning of the year.
Fintech firm MyBambu ‘losing money’ since start of the year, employee says
The company would later announce they plan to hire an additional 200 people at a meeting with city and county officials, who celebrated the company’s success as proof of creating a “Wall Street South” financial hub in Palm Beach County.
However, the company told the Florida Department of Commerce it now plans to close their West Palm Beach office in a WARN letter released earlier this week. It’s unclear if any of the additional employees were hired as promised.
“We were aware we were losing money,” said one employee who sat in meeting with management that were keeping anonymous due to professional reputation in the industry. “…In meetings toward the beginning of the year. We were told that we had to, you know, break even by a certain part that year.”…