{"id":338917,"date":"2017-04-21T04:04:08","date_gmt":"2017-04-20T20:04:08","guid":{"rendered":"http:\/\/techcrunch.com\/?p=1479516"},"modified":"2017-04-21T04:04:08","modified_gmt":"2017-04-20T20:04:08","slug":"nerdwallet-just-laid-off-over-40-people-including-its-vp-of-growth","status":"publish","type":"post","link":"https:\/\/people.utm.my\/asmawisham\/nerdwallet-just-laid-off-over-40-people-including-its-vp-of-growth\/","title":{"rendered":"NerdWallet just laid off over 40 people, including its VP of growth"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/tctechcrunch2011.files.wordpress.com\/2017\/04\/nw_tim_chen_ceo.jpg?w=738\" class=\"\"\/><\/p>\n<p id=\"speakable-summary\">Personal finance startup NerdWallet\u00a0recently let go of over 40 employees, TechCrunch has learned. As part of the changes, NerdWallet VP of Growth Henry Hsu left the company and NerdWallet COO Dan Yoo is moving into an advisory role.<\/p>\n<p>Hsu previously spent two years as a general manager at Box and three years at LinkedIn before that.\u00a0Yoo, <a target=\"_blank\" href=\"https:\/\/techcrunch.com\/2014\/03\/24\/nerdwallet-dan-yoo-florence-thinh\/\" rel=\"noopener noreferrer\">who joined NerdWallet in 2014<\/a>, was formerly the VP of business operations and analytics at LinkedIn.<\/p>\n<p>\u201cDespite a record-breaking quarter, NerdWallet has decided to shift resources to align by consumer pain points, rather than by financial product families, and to consolidate multiple execution orgs under our CPO, Tapan Bhat,\u201d NerdWallet CEO Tim Chen told TechCrunch in an email.<\/p>\n<p>\u201cWe truly appreciate the contributions that these executives and departing Nerds have made,\u201d Chen added. \u201cSeverance packages have been provided to all departing Nerds to make the transition as smooth as possible.\u201d<\/p>\n<p>The layoffs come just a <a target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/blog\/corporate-news\/welcoming-our-first-chief-product-officer-tapan-bhat\/\" rel=\"noopener noreferrer\">few months after NerdWallet brought on Bhat<\/a> as its first chief product officer.\u00a0The layoffs represented 8% of NerdWallet\u2019s staff. The company currently employs 440 people.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"569\" src=\"https:\/\/tctechcrunch2011.files.wordpress.com\/2017\/04\/nw_tim_chen_ceo.jpg?w=680\" class=\"attachment-large size-large wp-post-image\" alt=\"\" srcset=\"https:\/\/tctechcrunch2011.files.wordpress.com\/2017\/04\/nw_tim_chen_ceo.jpg?w=680 680w, https:\/\/tctechcrunch2011.files.wordpress.com\/2017\/04\/nw_tim_chen_ceo.jpg?w=1360 1360w, https:\/\/tctechcrunch2011.files.wordpress.com\/2017\/04\/nw_tim_chen_ceo.jpg?w=150 150w, https:\/\/tctechcrunch2011.files.wordpress.com\/2017\/04\/nw_tim_chen_ceo.jpg?w=300 300w, https:\/\/tctechcrunch2011.files.wordpress.com\/2017\/04\/nw_tim_chen_ceo.jpg?w=768 768w\" sizes=\"(max-width: 680px) 100vw, 680px\" \/>&nbsp;Personal finance startup NerdWallet\u00a0recently let go of over 40 employees, TechCrunch has learned. As part of the changes, NerdWallet VP of Growth Henry Hsu left the company and NerdWallet COO Dan Yoo is moving into an advisory role.<br \/>\nHsu previously spent two years as a general manager at Box and three years at LinkedIn before that.\u00a0Yoo, who joined NerdWallet in 2014, was formerly the VP of&#8230; <a href=\"https:\/\/techcrunch.com\/2017\/04\/20\/nerdwallet-just-laid-off-over-40-people-including-its-vp-of-growth\/?ncid=rss\">Read More<\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?a=GOVb5WpJr_w:1bdV7mXp7lA:2mJPEYqXBVI\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?d=2mJPEYqXBVI\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?a=GOVb5WpJr_w:1bdV7mXp7lA:7Q72WNTAKBA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?d=7Q72WNTAKBA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?a=GOVb5WpJr_w:1bdV7mXp7lA:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?a=GOVb5WpJr_w:1bdV7mXp7lA:-BTjWOF_DHI\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?i=GOVb5WpJr_w:1bdV7mXp7lA:-BTjWOF_DHI\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?a=GOVb5WpJr_w:1bdV7mXp7lA:D7DqB2pKExk\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?i=GOVb5WpJr_w:1bdV7mXp7lA:D7DqB2pKExk\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?a=GOVb5WpJr_w:1bdV7mXp7lA:qj6IDK7rITs\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Techcrunch?d=qj6IDK7rITs\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/Techcrunch\/~4\/GOVb5WpJr_w\" height=\"1\" width=\"1\" alt=\"\"\/> <\/p>\n","protected":false},"author":5817,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[25],"tags":[59,66,26],"class_list":["post-338917","post","type-post","status-publish","format-standard","hentry","category-technology","tag-media","tag-techcrunch","tag-technology"],"_links":{"self":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/338917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/users\/5817"}],"replies":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/comments?post=338917"}],"version-history":[{"count":0,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/338917\/revisions"}],"wp:attachment":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/media?parent=338917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/categories?post=338917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/tags?post=338917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}