Young, Scrappy, and Hungry for the Great Reset

Hi there,

Is it just us, or does it seem like we’re living life in reverse from this time last year? In June 2021, we witnessed an exodus of 3.8 million workers, according to the U.S. Bureau of Labor Statistics, as employees flocked to new jobs for better work-life balance, higher pay, and bigger titles, among other reasons.

Fast forward to June 2022, and we’re suddenly caught in a tsunami of hiring freezes and layoffs. Startups and corporations are bracing for the job market pendulum to swing the other way as the Fed incrementally increases rates and the media speculates an economic downturn is imminent.

As of late June, more than 22,000 workers in the U.S. tech sector were laid off, contributing to massive job cuts already for 2022 according to Crunchbase.

Gauging the shift in job climate, a recent TechCrunch articlelabeled the current environment “the Great Reset.” We’d say that’s pretty apt. At Atomic, uncertain times only reinforce the importance of our mission: to help every consumer have access to greater financial resources whenever they need them.

As the workforce takes a beating and employees focus on regaining their footing, the last thing they should be worried about is remembering to schedule a payment–or being penalized for an overdrawn account with fines and fees. We’ve just recently released a solution for that (more below). And we’re working tirelessly every day to build products that even the playing field for every consumer–especially the most vulnerable.

In this edition of the Atomic Intelligence newsletter, we broaden the scope of the conversation with leading experts to discuss:

• Trends we’re watching in the market, including on the 11FS podcast
• The fireworks of regulatory updates impacting our industry, such as the resurrection of the CFPB’s dormant authority
• And ways customers, including Dave are leveraging payroll connectivity to create the next generation of fintech companies

We hope you continue to follow along by subscribing to this newsletter and partner with us as we make history happen, on par with our founding father Alexander Hamilton, by empowering payday independence and uniting payroll data for all.

Have a great week,

Lindsay

P.S. How was your 4th of July? Our Founding Fathers on the Hamilton soundtrack made me do it.