BILL said it will cut up to 30% of its workforce as part of a profitability push, a significant restructuring move for the payments company. The announcement was followed by a more than 8% rise in extended trading, suggesting investors view the layoffs as a cost-saving positive despite the operational downsizing.
BILL said it will cut up to 30% of its workforce as part of a profitability push, a significant restructuring move for the payments company. The announcement was followed by a more than 8% rise in extended trading, suggesting investors view the layoffs as a cost-saving positive despite the operational downsizing.
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