Xero to cut up to 800 jobs; shares surge
ASX-listed software-as-a-service company will also exit from Waddle acquisition it made in 2020.
Xero chief executive Sukhinder Singh Cassidy.
ASX-listed software-as-a-service company Xero is looking to cut up to 800 jobs globally in a bid to “streamline its operations”.
The company is also exiting from Waddle, a cloud-based lending platform it acquired in 2020, for which it expected to incur a write-down of $30 million to $40m.
Xero
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