Neo Financial, a Calgary-based financial technology company, has announced the layoff of 102 employees, representing approximately 10% of its workforce. The decision was communicated through a LinkedIn post shared by the company, which also included a message sent directly to affected staff. The firm cited operational complexity as a factor in the slowdown of growth, though no specific financial details were provided. The layoffs are expected to impact multiple departments across the organization. The company has not disclosed the exact number of employees affected in each department, but the move signals a significant restructuring effort. Employees who were notified have been given the opportunity to discuss their situations with management. The financial sector in Calgary has seen various adjustments in recent months, reflecting broader economic pressures.