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Lending site Prosper to cut 28% of staff

Prosper Marketplace will cut 171 jobs, sublease new office space and close a Utah medical lending office, reports the San Francisco Business Times. The company tripled its workforce to more than 60 last year, but it was also one of several online lending marketplaces that had to raise interest rates recently after unexpected loan losses, the … Continue reading “Lending site Prosper to cut 28% of staff”

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Steven Melendez is an independent journalist living in New Orleans.

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