CEO of $4.5 billion tech firm slams his peers over layoffs: 'These are humans'
Wefox CEO Julian Teicke. Wefox HELSINKI, Finland — The boss of European digital insurance startup Wefox offered a damning response to tech companies that have laid off workers en masse. The likes of Meta , Amazon and Twitter have laid off tens of thousands of employees in response to pressure from investors, who want to see them cut costs to weather a global economic downturn. Swedish fintech firm Klarna was among the first major employers in tech to slash jobs this year, cutting 10% of its workforce in May. Several companies have followed suit, from those in Big Tech to venture-backed startups like Stripe. Julian Teicke, CEO of Wefox, told CNBC he is "disgusted" by what he views as a disregard by some of his peers for their employees. "I'm a little disgusted by statements like, 'never miss a good crisis' [or] 'we have to cut the fat,'" Teicke said in an interview on the sidelines of Slush, a startup conference in Helsinki, Finland. Venture...