CEO of $4.5 billion tech firm slams his peers over layoffs: 'These are humans'

Wefox CEO Julian Teicke.

Wefox

HELSINKI, Finland — The boss of European digital insurance startup Wefox offered a damning response to tech companies that have laid off workers en masse.

The likes of Meta, Amazon and Twitter have laid off tens of thousands of employees in response to pressure from investors, who want to see them cut costs to weather a global economic downturn.

Swedish fintech firm Klarna was among the first major employers in tech to slash jobs this year, cutting 10% of its workforce in May. Several companies have followed suit, from those in Big Tech to venture-backed startups like Stripe.

Julian Teicke, CEO of Wefox, told CNBC he is “disgusted” by what he views as a disregard by some of his peers for their employees.

“I’m a little disgusted by statements like, ‘never…

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