Wonga Fires 325, Plans To Close Tel Aviv Office

February 26, 2015 | The UK-based provider of short-term credit to customers, Wonga, announced that it will be cutting 325 jobs in London, other locations. 325 jobs a third of Wonga’s workforce and employees in London, Dublin, Cape Town and Tel Aviv are likely to experience cuts. The company has plans to save about 25 million pounds (approx. $38.6 million) in costs over the next two years, and as part of the decision it will entirely close its Tel Aviv office this year and Dublin in 2016. Wonga was founded in 2007 by Errol Damelin and Jonty Hurwitz.