TAMPA, Fla. — Wise's Tampa office is set to shut down, impacting more than 300 employees starting this April.
A letter to Tampa Mayor Jane Castor and State Trade and Rapid Response Coordinator Yolanda Triplett revealed that Wise will close up shop at its office on Independence Parkway this year.
The financial technology company said they anticipate 307 employees will be laid off, with separations expected to commence on April 8 and continue on May 2 and Nov. 3. All impacted employees have been notified or will be notified at least 60 days in advance.
"This action is expected to be permanent," the letter reads. "The Company’s employees at the Facility are not represented by a union or any other collective bargaining representative."
A Wise spokesperson sent this statement to ABC Action News on the planned layoffs in Tampa.
Our ability to work on problems cross-functionally across our global teams has been one of the key drivers of Wise’s growth and success over the last 14 years, enabling us to move over $150 billion on behalf of nearly 13 million people and businesses around the world in the past year alone. As our business continues to scale rapidly, we are focused on further accelerating this close collaboration across our teams, including in the Americas where we see strong growth. For this reason, we have decided to center our Americas teams in three locations: Austin, our primary full stack location, New York, and São Paolo. As a result, in November 2025, we will close our Tampa Servicing office with a majority of these roles reassigned across our other sites. We know this personally impacts our Wisers, especially in Tampa, and our immediate priority is to support each of our affected teammates during this time. The Americas is a key region for Wise, and we are continuing to invest in growing both our teams and our business in the region.
According to the company's website, Wise was launched in 2011 as a money transfer app but has since expanded to include a multi-currency account, a multi-currency card and a business account.
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