* Brazil’s Nubank, Latin America’s largest digital bank, has announced a “restructuring” of its Brazilian operations sector that includes the mass layoff of 296 employees. According to local press reports, previous layoffs in January and March had only resulted in dozens of job losses at a time. In a statement, Nubank said that “with a robust portfolio, and after a deep analysis of models and processes, the need to consolidate the product teams in a centralised organisation was identified. With the new model, some functions and positions became redundant.”
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