Monzo are losing 15-20% of their staff or around 400 people if you include the redundancies already announced in the USA.
But, to the original question, your money in Monzo is protected up to £85,000 by law
HSBC are planning more redundancies than monzo are
Yes, but them employ a lot more people. Besides HSBC, Barclays and Lloyd’s all announced they were putting redundancies on hold when the pandemic started - as it would be bad for staff to be made redundant atm