'Fintech' company SoFi reduces workforce in Utah, California

COTTONWOOD HEIGHTS — Less than two years after receiving a $1.2 million tax incentive package from the Utah Governor's Office of Economic Development, San Francisco-based online lender Social Finance Inc. (SoFi) announced it will lay off 5 percent, or about 65, of its 1,300 employees.The reductions will target office staff in Cottonwood Heights and in Healdsburg, California.In a statement to the Deseret News, SoFi spokesman Jim Prosser declined to detail the number of Utah employees impact