Taxfix, the $1B German accounting startup, slashes 120 jobs amid funding crunch

Variety
31-05-2023 | 10:26
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Taxfix, the $1B German accounting startup, slashes 120 jobs amid funding crunch
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Taxfix, the $1B German accounting startup, slashes 120 jobs amid funding crunch

Taxfix leaped to a $1 billion valuation in 2022 on the back of a popular mobile app used by consumers help with tax returns. But fast forward to 2023, and the Berlin-based accounting startup is taking an audit of its own affairs. TechCrunch has learned and confirmed that Taxfix has laid off 20% of its staff — 120 employees — as part of wider restructuring of the business aimed at cutting costs.

The cuts were announced to staff on Tuesday. Pointedly, they are coming in the wake of Taxfix acquiring a rival tax startup in the country, Stuttgart-based tax chatbot Steuerbot — a deal that was announced two months ago.
 

Taxfix

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Accounting

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