Chime announced on July 31, 2026 that it is cutting about 10% of its workforce, roughly 150 of 1,500 employees, in a reduction first reported by Bloomberg and citing AI-driven efficiency gains. Coverage put the count between 140 and 150; this entry uses 150, matching the 10% figure against the reported workforce. The cuts come a little over a year after the neobank's June 2025 IPO.
Chime joins the July wave of AI-framed reductions across fintech and payments, alongside Visa's 2,600 and Mastercard's earlier 4% cut. The company says the changes speed up decision-making as it builds AI into operations.