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Taxfix, the $1B German accounting startup, slashes 120 jobs amid funding crunch


Taxfix leaped to a $1 billion valuation in 2022 on the back of a popular mobile app used by consumers help with tax returns. But fast forward to 2023, and the Berlin-based accounting startup is taking an audit of its own affairs. TechCrunch has learned and confirmed that Taxfix has laid off 20% of its staff — 120 employees — as part of wider restructuring of the business aimed at cutting costs.
The cuts were announced to staff on Tuesday. Pointedly, they are coming in the wake of Taxfix acquiring a rival tax startup in the country, Stuttgart-based tax chatbot Steuerbot — a deal that was announced two months ago.
“With Taxfix’s recent successful acquisition of Steuerbot, great synergies are created, which enable us to heavily increase efficiencies. Therefore we took the strategic decision to restructure the o …

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