Laying off approximately 300 staff members and shutting down the Tampa location is the planned action.
Wise Shuts Down Tampa Office, Affecting 307 Employees
In a significant development, London-based money transfer firm Wise has announced the closure of its Tampa office. This decision is expected to impact around 307 employees who are currently working there.
The company is consolidating its Americas teams in three key locations: Austin, New York, and São Paulo, Brazil. The affected employees have been notified and have been given a 60-day notice period. The Tampa office is set to officially close in November.
Wise, known for its global presence, operates in cities like Austin, Budapest, Brussels, Kuala Lumpur, London, New York, Singapore, São Paulo, and Tallinn. However, there is no mention of a Tampa office in the available search results.
The office closure is part of Wise's efforts to strengthen collaboration across its teams. The company, which has about 6,000 employees worldwide, processed approximately £118.5 billion in cross-border transactions last year. Wise allows customers to send, receive, and store remittances through a mobile app, prepaid accounts, and debit cards.
The wholly owned subsidiary of Wise PLC, Wise US, is headquartered in New York. The office closure process is expected to start on April 8 and continue on May 2 and Nov. 3. Most roles have already been reassigned across Wise's other sites.
It is important to note that the search results do not provide any details about any potential office closure or actions related to the Consumer Financial Protection Bureau (CFPB). For specific information about any potential office closure or actions related to the CFPB, you might need to look into official announcements from Wise or reports from relevant financial regulation sources.
In the wake of consolidation, Wise is shifting its Americas teams from Tampa to three main locations: Austin, New York, and São Paulo, thereby affecting 307 employees who were based in Tampa. This decision is part of Wise's strategy to boost collaboration among its teams, as the company continues to expand its business in the realm of personal finance and technology, using innovative methods like mobile apps and debit cards for cross-border transactions.
