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Expense management startup Navan cuts staff to find profitability ahead of delayed IPO

Expense management startup Navan cuts staff to find profitability ahead of delayed IPO

Navan, an expense management startup once known as TripActions, has laid off 5% of its staff, or 145 people, a spokesperson confirmed to TechCrunch today. The Information first broke the news. “Navan has recorded strong growth over the past three years despite the challenges affecting our industry,” the spokesperson wrote via email, describing the cuts…