Yes, but CEOs? That’s complicated) • TechCrunch
No one someone who knows the inner workings of a company like the chief financial officer. So when three senior CFOs left their jobs at high-profile, late-stage startups in quick succession, we noticed it.
This week, the CFO of OpenSea, Brian Roberts, left the web3 company less than a year after taking Work. A few days later, Brex CFO Adam Swiecicki left side expense management company joins Rippling, another company that has recently expanded into expense management. The disturbance came after the announcement of Brex it had to cut 11% of its staff. (Its former chief financial officer, who resigned so Swiecicki could take the helm, has returned to his original position.)
“The first person who will know if it’s possible to grow into these valuations is the chief financial officer.” Continuum CEO Nolan Church
But that’s not all. Noom, a health and diet coaching platform, has confirmed that its chief financial officer, Mike Noonan, is leave Work two years after joininghours before TechCrunch learned that the company was conducting a round of layoffs.
While the CFO’s departure is said to be unrelated to the layoff, has things ever been so simple? After all, layoffs are the result of needing to shore up finances in the face of an uncertain market, which is literally the job of a CFO.