Payments vendor Bill plans to drop about 15 percent of its workforce, the company said this month. As of June 30, Bill employed 2,520 individuals. The company also plans to close its Sydney Australia office. The actions will result in restructuring charges ranging from about $29 million to $35 million, most to be incurred during the quarter ending December 31.
In an announcement to employees that was published on the company’s website, CEO Rene Lacerte said the actions “position Bill to deliver improved profitability without relying on
Those impacted. will receive four months of pay and healthcare and 100 percent of their bonuses for the first half of Fiscal 2024.
