Zip did a layoff on 5th April 2022, page-88

I'm not sure which part you don't understand.

Theur nett transaction margin is almost zero and trending towards negative.

Every dollar of income is negated by interest costs, processing costs and bad debts.

It does not matter how much GMV they create as they will never put a dent in the losses even if they cut overheads from 300 million to $150 million it's still a $150 million loss.

Then they have the expense of rising interest rates and impending legislation.

The entire business model does not work, has never worked and will never generate a profit