"

Estimated reading time: 1 minute, 6 seconds

Xero to Cut 700 to 800 Jobs

Monday, Apr 03 2023
News
Written by 

 
Cloud accounting software company Xero intends to cut 700 to 800 jobs. The company says the total represents about 15 percent of its workforce.

“We aspire to build a higher performing global SaaS company and to enable Xeroʼs next phase of growth and drive better customer outcomes, we need to streamline and simplify our organization,” CEO Sukhinder Singh Cassidy said in a prepared statement.

The company is also divesting two acquisitions. Last month, it announced the sale of its WorkflowMax brand, which it purchased in 2012, to BlueRock. It is also selling its cloud-based lending platform, Waddle, that it acquired in 2020.

Bob Scott
Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
Read 1751 times
Rate this item
(0 votes)
More in this category: « Intuit Launches SMB Index Avalara Sets More Event Dates »
Bob Scott

Latest from Bob Scott

Visit other PMG Sites:
Template Settings
Theme

Color

For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue

Body

Background Color
Link Color
Text Color

Header

Background Color
Background Image
pattern1 pattern2 pattern3 pattern4 pattern5

Footer

Background Color
Background Image
pattern1 pattern2 pattern3 pattern4 pattern5
Layout
Select layout
Menu
Select menu
Typography
Google Font
Body Font-size
Body Font-family
Direction
Reset
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline