Tech company ‘Xero’ has announced ‘cost cutting plan’ to lay off 500 workers

📆 09/03/2023 05:53:00
📰 SkyNewsAust

⏱ Reading Time:
11 sec. here
2 min. at publisher
📊 Quality Score:
News: 8%
Publisher: 78%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Business Editor Ross Greenwood says the tech company ‘Xero’ has announced that it will lay off 500 workers as a part of a “cost cutting plan”.

“An acquisition it made just two years ago for more than $80 million is now going to be scrapped as well,” Mr Greenwood said.

“It just shows the difficulties that many of these tech companies are having right now to justify the amount of staff that they’ve taken on to try and grow these businesses if they’re not producing the profits.”

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Escrever Comentário

500 less thought leaders YannickOda oils71

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

ASX LIVE: ASX to rise, US stocks slip, bitcoin dips below $US22,000Australian shares are poised to open higher. S&P 500 edges higher, Silvergate plummets. Powell walks back some of his rate rhetoric. Xero to slash up to 800 jobs. Myer decalres super-sized dividend. $A hovers below US66¢. China price data ahead. Follow updates here.
Fonte: FinancialReview - 🏆 2. / 90 Consulte Mais informação »