Mexico's Femsa cuts workers at Spin fintech division
FEMSAFEMSA(US:FMX) Yahoo Finance·2026-03-21 07:33

MEXICO CITY, March 20 (Reuters) - Mexican retailer and bottler Femsa said on Friday it is laying ‌off workers in its fintech unit Spin, which ‌launched a digital wallet app for payments and financial transactions in ​2021. Femsa did not disclose the number of positions that it is eliminating, but a spokesperson said the move is part of a new phase meant to prioritize ‌its chain of Oxxo ⁠convenience stores. "This process has primarily focused on support functions, without impacting operations for our ⁠c ...