OnePipe, an embedded finance startup that integrates financial services for organizations, has reportedly laid off at least ten employees due to macroeconomic factors. This has reduced its workforce from 48 to 38 employees. The affected employees will receive two months of severance pay, and the company will slash salaries for its leadership team. OnePipe plans to focus on specific initiatives and cut back on experimental projects. The company will focus on growing revenues, including its inventory finance proposition, which has become one of its fastest-growing products. The firm will seek another round of equity financing to extend its runway. The layoffs are part of a challenging year for tech workers globally, with several layoffs reported in the first quarter of the year, and more expected in the second quarter.

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