FlyerTalk Forums - View Single Post - Plastiq filed for Chapter 11 bankruptcy protection
Thread: Plastiq filed for Chapter 11 bankruptcy protection
View Single Post
Old Jun 9, 2023 | 10:32 am
  #8  
hhdl
40 Countries Visited
Community Influencer
All eyes on you!
5 Years on Site
 
Join Date: Oct 2019
Programs: Flying Blue, Hilton Honors, Amtrak Guest Rewards
Posts: 3,594
I've had two payments go through since the filing, so the operations appear unaffected.

I only just saw this referenced in a WSJ article today and their article from the time of the filing has this nugget:

Cash remained tight in February and Plastiq laid off 85 employees and contractors, reducing its workforce to 128 employees. It is now down to 45 full-time workers.
In what universe does a business like this need 100-plus FTEs?
hhdl is offline  
Reply