Peak XV-backed Fi to fire 10% staff to preserve cash: Report

Fi, backed by investors like Peak XV and Temasek, told employees in a townhall that it's laying off 10% staff to preserve cash to operate for two more years, Moneycontrol reported. The neobanking startup, which has about 300 employees, has asked senior executives to take pay cuts. Fi is 30-40% behind revenue targets for first half of the year.