Checkout.com Will Eliminate About 5% of Employees in Latest Cuts

Checkout.com is eliminating 5% of its staff, the latest in a series of job cuts that’s swept technology companies this year as investors pull back on funding.

The company confirmed that it was reducing its workforce by about 100 people in a statement in response to Bloomberg questions on Tuesday.

“This decision did not come lightly, but will allow us to focus on the strategic priorities against our mission,” a company spokesperson said in the statement.

A wave of layoffs is hitting technology startups that rely on funding from increasingly cautious investors. Publicly announced job cuts jumped to 37,000 in ...