Wealthsimple lays off 13% of staff

Canadian digital wealth platform Wealthsimple is the latest fintech to trim its workforce, blaming "market volatility" for the decision to lay off 13% of its staff.

Last Stock Buy of the Year! Seee yah 2022 | Dividend Investing | Wealthsimple Trade | $100 a Week

It’s a Wrap! Time to move on move forward and set new goals or keep moving forward with previous ones! Last Purchase of the year! Which stock is the lucky one today!

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How to Withdrawal Crypto Off Wealthsimple – WHY YOU NEED TO DO IT!

Get $50 when you open and fund your Wealthsimple Crypto account with $150. Sign-up using my link: https://cutt.ly/NFDdiNW

0:00 Intro
0:41 Why The New Feature
1:15 Getting Started
1:57 Crypto Withdrawals
2:55 Crypto Depositing
3:34 Why Withdrawal?
4:37 Transactional Freedom
4:57 Voting Power
6:22 Censoring
6:59 Deception
7:14 Seizure
7:42 Why Store Coins Wealthsimple?
8:14 Shared Custody
8:42 Coin Coverage Protection
9:13 Regulated
9:45 Free $50 When You Get Started.

I have been real hard on Wealthsimple. For the simple reason you could not withdrawal your coins off the platform.

All users can now take Bitcoin and Ethereum off the platform! (more coins coming soon).

In this video I cover all questions:
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– What are the fees?
– How do you do it?
– Why do you need to do it?
– is there a benefit not to?
– What do you need to get started?
– Is Wealthsimple crypto any good?

Overall I’m glad a large company is making this change. It for the moment shows they are on the customers side. They now have all the features of a quality place to buy Bitcoin in Canada!

�� More of my videos:

⚡ HOW TO SET UP A BITCOIN NODE | Umbrel Tutorial & 6 Reasons Why Its Important!
https://www.youtube.com/watch?v=LfqtAk0k8Fo &t

�� MUUN WALLET REVIEW: Simply The Easiest Bitcoin ⚡ Wallet in 2021
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�� SHOULD YOU BUY BITCOIN? – YES! (Not Financial Advice) – 7 Minutes to Sell Bitcoin
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Wealthsimple is laying off 13% of its workforce

Wealthsimple is laying off 13% of its workforce as it grapples with market volatility.

CEO Michael Katchen broke the news to staff in a letter, telling 159 of the 1,262 employees they would be let go.

Katchen says business boomed as markets soared during the pandemic, but those days are ending as clients face market uncertainty like never before. He says the focus will be on core offerings like investing, banking, and innovative products like cryptocurrency. The news comes a week after a hiring freeze became public.


Why I Left Wealthsimple (And What I’m Doing Next)

I just took all my money out of Wealthsimple Invest, and this video is to explain why. I know it’s only been a few months since I made my previous video on how much money I’ve earned using Wealthsimple’s robo-advisor, so you may be surprised to hear now that I’m leaving. But I think in the video it will make more sense.

I’m still a big fan of Wealthsimple (I invested with them for over 4 years remember), but it was just time for a change and I’m super excited about what’s next.


➡️ My original video about how much I’ve earned by using Wealthsimple Invest for the past 4 years https://www.youtube.com/watch?v=ORLYmFDp_zs
➡️ If you haven’t gotten started with investing but want to, I’d highly recommend learning more about my investing course called Wealth Building Blueprint for Canadians: https://jessicamoorhouse.com/wbb
➡️ Or if you want to use Wealthsimple, don’t forget to use my affiliate link to get $50 when you sign up: http://jessicamoorhouse.com/wealthsimple-aff
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I’m Jessica Moorhouse, a money expert, Accredited Financial Counsellor Canada®, speaker, blogger, YouTuber, and host of the More Money Podcast. I’m based out of Toronto, ON, Canada and turned my personal finance blogging side hustle into my full-time business so I could spend all my time teaching others how they can take control of their lives by taking control of their money. To learn more, check out my website https://jessicamoorhouse.com

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The content I produce is for education and entertainment purposes only. Nothing on this YouTube channel, my website or affiliated channels should be considered financial, investment or legal advice, or an endorsement for any type of service, product, or brand. Some links in this description may be affiliate links in which I may earn a commission at no extra cost to you. Please read my disclaimer to learn more: https://jessicamoorhouse.com/disclaimer/