Prodigy Finance laid off or furloughed 30% of staff in Cape Town, London and New York. an investor pulled out of the next round AFTER signing a terms sheet and

Prodigy Finance laid off or furloughed 30% of staff in Cape Town, London and New York. an investor pulled out of the next round AFTER signing a terms sheet and completing due diligence. The company had been hiring for growth, setting up a new management structure etc even on the same day as the layoffs. Management appears to be above board and genuinely upset over this (and cuts are at all levels, execs took pay cuts), the investors are scum in my eyes.