Pine Labs halts tech hiring at 1,000 engineers

Pine Labs is a fintech company that helps businesses with payments and other financial services.

They have decided not to hire any more engineers, even though they are growing and expanding globally.

Right now, they have 1,000 engineers and product managers.

The company's CEO, Amrish Rau, said they want to make their current team more productive instead of hiring new people.

This is a trend in the tech and fintech industry where companies are trying to do more with the same or fewer resources.

Pine Labs is not saying if they might reduce their current engineering team, but they are focusing on using their existing team more efficiently.